At year-end, a company's Manufacturing Overhead account has a credit balance of $18,000 before closing. Which statement must be true?

Question

Accepted Answer

Applied manufacturing overhead was $18,000 greater than actual manufacturing overhead.

Answer

Applied manufacturing overhead was $18,000 smaller than actual manufacturing overhead.

Answer

Budgeted manufacturing overhead was $18,000 greater than actual manufacturing overhead.

Answer

Actual manufacturing overhead was $18,000 greater than budgeted manufacturing overhead.

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