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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
    Actual Overhead Exceeds Applied Overhead and the Amount Is Immaterial
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Actual Overhead Exceeds Applied Overhead and the Amount Is Immaterial

Question 85

Question 85

Multiple Choice

Actual overhead exceeds applied overhead and the amount is immaterial.Which of the following will be true? Upon closing,
Overhead is       Cost of Goods Sold will


A) underapplied increase
B) overapplied decrease
C) overapplied increase
D) underapplied decrease

Correct Answer:

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