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What adjustment does the company make

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Reference no: EM13519077

Testor Products uses a job-order costing system with a predetermined overhead rate based on machine-hours. The company closes out any under- or overapplied overhead to Cost of Goods Sold.

Required:

If overhead is overapplied, what adjustment does the company make to Cost of Goods Sold? Is Cost of Goods Sold increased or decreased? Why?

Reference no: EM13519077

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