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At the end of the year, overhead applied was $3,762,000. Actual overhead was $3,430,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net

At the end of the year, overhead applied was $3,762,000. Actual overhead was $3,430,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net income to

a.decrease by $332,000

b.increase by $664,000

c.decrease by $664,000

d.increase by $332,000

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