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Overapplied manufacturing overhead means that: The balance in the Cost of Goods Sold account was...

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Accounting

Overapplied manufacturing overhead means that:
The balance in the Cost of Goods Sold account was calculated incorrectly.
The applied manufacturing overhead cost was less than the actual manufacturing overhead cost.
The applied manufacturing overhead cost was more than the actual manufacturing overhead cost.
The balance in the Manufacturing Overhead account was calculated incorrectly.
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