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At the end of the year, factory overhead applied was $3,744,000. Actual factory overhead was $3,425,000. Closing over/underapplied overhead into Cost of Goods Sold
At the end of the year, factory overhead applied was $3,744,000. Actual factory overhead was $3,425,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net income to Oa increase by $319,000 Ob decrease by $638,000 O increase by $630,000 Od decrease by $319,000. 2
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