Sting Corporation debited Cost of Goods Sold and credited Manufacturing Overhead at year-end. On the...
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Accounting
Sting Corporation debited Cost of Goods Sold and credited Manufacturing Overhead at year-end. On the basis of this information, one can conclude that:
Budgeted overhead exceeded actual overhead,
Budgeted overhead exceeded applied overhead,
Budgeted overhead was less than applied overhead,
Actual overhead exceeded applied overhead.
Actual overhead was less than applied overhead.
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