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Sting Corporation debited Cost of Goods Sold and credited Manufacturing Overhead at year-end. On the basis of this information, one can conclude that:
? Budgeted overhead exceeded actual overhead,
? Budgeted overhead exceeded applied overhead,
? Budgeted overhead was less than applied overhead,
? Actual overhead exceeded applied overhead.
? Actual overhead was less than applied overhead.
Learning Outcome: Develop information gathering (research) and communication strategies to enable the provision of professional advice to a client
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