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At the end of the accounting period, applied overhead was larger than actual overhead by an immaterial amount. The overapplied overhead should be: a. Treated
At the end of the accounting period, applied overhead was larger than actual overhead by an immaterial amount. The overapplied overhead should be: a. Treated as an extraordinary gain. B. Closed into Cost of Goods Sold. C. Ignored; actual overhead is determined only for internal control purposes.
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