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At the end of the year, overhead applied was $42,000,000. Actual overhead was $40,300,000. Closing over/underscored overhead
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Answer #1

1 Overhead applied 42,000,000 40,300,000 2 Actual overhead net income (Applied - Actual) 1,700,000 Option C positive Net inco

if actual is higher then the net income would decrease

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