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When the manufacturing overhead account has a credit balance

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Reference no: EM132615039

Problem 1: In an activity based cost system, when the manufacturing overhead account has a credit balance at the end of the year:

Option 1: the manufacturing overhead account is over applied

Option 2: the manufacturing overhead account is under applied

Option 3: an error has been made as only actual manufacturing overhead should be recorded

Option 4: the work in process inventory account will have a credit balance

Reference no: EM132615039

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