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At the end of the year, overhead applied was $3,800,000. Actual overhead was $3,413,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net
At the end of the year, overhead applied was $3,800,000. Actual overhead was $3,413,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net income to a. increase by $387,000 b. decrease by $774,000 c. decrease by $387,000 d. increase by $774,000
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