Selassie submitted Jul 3 at 5:20pm Question 2 0/1 pts The Piglet Company allocates MOH based on Direct Labor cost. Piglet expected to have $250,000. of MOH and $100,000 of DM used and $200,000 of DL costs. During the year, Piglet actually had $230,000 of MOH, $95,000 of DM Used and $195,000 of DL costs. When Piglet closed the under- or over- applied MOH for the year, what was the effect? Increase CGS Decrease CGS Increase Period Expenses Decrease Net Income (or profit)