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  3. during 2018, a company incurred manufacturing over

During 2018, a Company incurred manufacturing overhead of $400,000. However, they applied $425,000 of manufacturing...

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Question

Accounting

During 2018, a Company incurred manufacturing overhead of $400,000. However, they applied $425,000 of manufacturing overhead to jobs during the year. To correct this over-applied overhead

a. cost of goods sold will be increased

b. work-in-process will be increased

c. both work-in-process and cost of goods sold will be increased

d. none of the above

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