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A company charged the following amounts of overhead to jobs during the current year: $12,000 to

jobs still in process, $42,000 to jobs completed but not sold, and $66,000 to jobs finished and sold.
At year-end, the company's Factory Overhead account has a credit balance of $9,000. What entry (if
any) should the company make at year-end related to this overhead balance?

1 Answer

5 votes

Answer: Overapplied

Explanation: A credit balance at the end of the period in the manufacturing overhead account indicates that the overhead is overapplied.

answered
User Mohammad Kani
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