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8 October, 13:32

There are two acceptable methods for closing out any balance of underapplied or overapplied manufacturing overhead. one method involves allocation of the balance among several accounts, whereas the other closes any balance directly to:

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  1. 8 October, 13:51
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    The other method that directly closes any balance is to the cost of the sold goods. The distinction between the over or under-applied manufacturing overhead is the process cost of the manufacturing overhead and the acquired cost during the period.
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