Actual overhead exceeds applied overhead and the amount is immaterial. Which of the following will be true? Upon closing, 
Definitions:
Molding Department
A specialized section of a manufacturing company focused on producing parts by shaping materials in molds.
Weighted-Average Method
A costing method that averages all costs and applies them to output, typically used in process costing.
Conversion Cost
The aggregate cost of direct labor and manufacturing overhead associated with converting raw materials into finished goods.
Direct Materials
Raw materials that are directly incorporated into a finished product.
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