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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 Actual Overhead Is Less Than Applied Overhead,which of the Following
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If Actual Overhead Is Less Than Applied Overhead,which of the Following

Question 52

Question 52

Multiple Choice

If actual overhead is less than applied overhead,which of the following will be true? Upon closing,
Overhead is       Cost of Goods Sold is


A) underapplied credited
B) underapplied debited
C) overapplied debited
D) overapplied credited

Correct Answer:

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