Differences between actual and applied overhead, Cost Accounting

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Differences between actual and applied overhead

Over- and Underapplied Manufacturing Overhead

Response to the following problem:

The company incurred $32,056 in manufacturing overhead and applied $32,537. The company uses the most common and simple method of handling differences between actual and applied overhead. Make the necessary journal entry to dispose of the difference.

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Cost Accounting: Differences between actual and applied overhead

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