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Maucette Corporation has provided the following data concerning manufacturing overhead for January: Actual manufacturing overhead incurred $52,000 Manufacturing overhead allocated $75,000 The company's Cost of
Maucette Corporation has provided the following data concerning manufacturing overhead for January: Actual manufacturing overhead incurred $52,000 Manufacturing overhead allocated $75,000 The company's Cost of Goods Sold was $369,000 prior to closing out its Manufacturing Overhead account. The company closes its MOHC, MOHA, and adjust Cost of Goods Sold. Which of the following statements is true? Manufacturing overhead was over-allocated by $23,000; Cost of Goods Sold after adjustment is $346,000. Manufacturing overhead was under-allocated by $23,000; Cost of Goods Sold after adjustment is $392,000. O Manufacturing overhead was over-allocated by $23,000; Cost of Goods Sold after adjustment is $392,000. Manufacturing overhead was under-allocated by $23,000; Cost of Goods Sold after adjustment $346,000
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