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Alex Company had the following inventories at the beginning and end of the month of January:
Alex Company applies factory overhead at a rate of 60% of direct labor cost, and any overapplied or underapplied factory overhead is deferred until the end of the year, December 31 Alex Company’s balance in factory overhead control for January was A. $5,000 debit - overapplied. B. $5,000 credit - underapplied. C. $5,000 debit - underapplied. D. $5,000 credit - overapplied. |