Time left 1:17:16 Quiz navigation stion Which of the following is correct with respect to closing out overapplied manufacturing overhead to Cost of Goods Sold versus closing it out to Work-in-Process...

Extracted text: Time left 1:17:16 Quiz navigation stion Which of the following is correct with respect to closing out overapplied manufacturing overhead to Cost of Goods Sold versus closing it out to Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold? dout of O a. The balance in the Work-in-Process account after allocation will be Jasim Al Ajmi the same under either method. 125678 O b. Operating income wilIl be higher if all of the overapplied overhead is closed out to Cost of Goods Sold. UC O c. Cost of Goods Sold will be lower if the overapplied overhead is closed out by allocating it to the inventory accounts as well as to Cost of Goods Sold. O d. None of given answer is correct. e. The balance in the Work-in-Process account after allocation will be higher if the overapplied overhead is closed out by allocating it to all appropriate accounts. Finish attempt.. 351 The phone bill for Company XYZ consists of two components. A fixed monthly subscription fee of $800 and a constant calling rate of $0.5 per minute. Assume that during February Company XYZ has a total call time of estion