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Neon Lighting is comparing actual and applied overhead amounts at the end of the year...

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Accounting

Neon Lighting is comparing actual and applied overhead amounts at the end of the year and finds that the factory overhead account has a credit balance. Which of the following is true for neon Lighting?
a. Applied costs are higher than actual costs.
b. The entire balance is charged back to work in process inventory.
c. The balance should be carried over from year to year.
d. Actual costs are higher than applied costs.

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