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At the end of the year, overhead applied was $3,682,000. Actual overhead was $3,485,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net
At the end of the year, overhead applied was $3,682,000. Actual overhead was $3,485,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net income to a. decrease by $197,000 b. increase by $394,000 c. decrease by $394,000 d. increase by $197,000
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