At the end of each year, manufacturing overhead is analyzed, and an adjusting entry is...
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Accounting
At the end of each year, manufacturing overhead is analyzed, and an adjusting entry is made to dispose of the under- or overapplied overhead. How would you advise a company that has had overapplied overhead for each of the last five years?
With a memo to the president of the company, please mention your position and provide support for your decision.
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