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Managerial Accounting

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Moderate

Factory Overhead

MGRACT-MNLYXJ

If the factory overhead account has a credit balance of \$1,000, then:

A

Factory overhead is overapplied

B

\$1,000 will be added to work in process

C

\$1,000 will be added to cost of goods sold

D

\$1,000 will be added to finished goods