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Kabul Co. has provided data concerming the company's Manufacturing Overhead account for the month of November. Prior to the closing of Manufacturing OH account, the
Kabul Co. has provided data concerming the company's Manufacturing Overhead account for the month of November. Prior to the closing of Manufacturing OH account, the total of the debits (actual) to the Manufacturing Overhead account was $75,000 and the total of the credits (budgeted, i.e. balance is already transferred to the respective account) to the account was $57,000. Which of the following statements is true? Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $75.000. Manufacturing overhead for the month was over-applied $18,000. Manufacturing overhead applied to Work in Process for the month was $75,000. Manufacturing overhead for the month was under-applied by $18.000
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