Hults Corporation has provided data concerning the company\'s Manufacturing Over

Question

Hults Corporation has provided data concerning the company's Manufacturing Overhead account for the month of November. Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $68,800 and the total of the credits to the account was $60,800. Which of the following statements is true?

Hults Corporation has provided data concerning the company's Manufacturing Overhead account for the month of November. Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $68,800 and the total of the credits to the account was $60,800. Which of the following statements is true?

Explanation / Answer

Manufacturing overhead for the month was underapplied by $8,000.

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