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Manufacturing Overhead is a special type of account. Discuss its nature and determine if it is a balance sheet account (asset ?, liability?), income statement account (revenue?, expense?), contra account, or some other type of account. Explain why Manufacturing Overhead must be this type of account. (Hint: What happens to the balance in the Manufacturing Overhead Account at the end of the operating period?).

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9975081

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