At the end of the year, overhead applied was $35,000 000 Actual overhead was $34,200,000. Closing over/under applied overhead into cost of goods sold would cause net income to increase/decrease by? $500,000 under $1,000,000 under S1 000.000 over $500,000 over At the end of the year, overhead applied was $35,000 000 Actual overhead was $34,200,000. Closing over/under applied overhead into cost of goods sold would cause net income to increase/decrease by? $500,000 under $1,000,000 under S1 000.000 over $500,000 over