Question: Assume that variable overhead is overapplied by $101 and fixed overhead is underapplied by $51. The effect on cost of goods sold is $152 increase.

Assume that variable overhead is overapplied by $101 and fixed overhead is underapplied by $51. The effect on cost of goods sold is

$152 increase.

$152 decrease.

$50 increase.

$50 decrease.

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