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At the end of the year, overhead applied was $3,739,000. Actual overhead was $3,494,000. Closing...

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Question

Accounting

At the end of the year, overhead applied was $3,739,000. Actual overhead was $3,494,000. Closing over/underapplied into Cost of goods sold would cause net income to

a. decrease by $245,000

b. increase by $245,000

c. decrease by $490,000

d. increase by $ 490,000

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