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At the end of the year, factory overhead applied was $3,688,000. Actual factory overhead was $3,350,000. Closing over/underapplied overhead into Cost of Goods Sold
At the end of the year, factory overhead applied was $3,688,000. Actual factory overhead was $3,350,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net income to O a. increase by $676,000 O b. decrease by $338,000 O c. decrease by $676,000 d. increase by $338,000
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