Question
At the end of the year, overhead applied was $3,739,000. Actual overhead was $3,494,000. Closing over/underapplied into Cost of goods sold would cause net income
At the end of the year, overhead applied was $3,739,000. Actual overhead was $3,494,000. Closing over/underapplied into Cost of goods sold would cause net income to
a. decrease by $245,000
b. increase by $245,000
c. decrease by $490,000
d. increase by $ 490,000
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Accounting For Beginners Learn Easy And Fast Accounting Principles
Authors: Dan Wilson
1st Edition
1700199900, 978-1700199904
