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    Business
  3. Study Set
    Cost Accounting Foundations and Evolutions
  4. Exam
    Exam 3: Predetermined Overhead Rates, Flexible Budgets, and Absorptionvariable Costing
  5. Question
    If Overapplied Factory Overhead Is Material,the Account Is Closed by a Credit
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If Overapplied Factory Overhead Is Material,the Account Is Closed by a Credit

Question 146

Question 146

True/False

If overapplied factory overhead is material,the account is closed by a credit to Cost of Goods Sold.

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