The Piglet Company allocates MOH based on Direct Labor cost. Piglet expected to have $250,000 of MOH and $100,000 of DM used and $200,000 of DL costs. During the year, Piglet actually had $230,000 of MOH, $95,000 of DM Used and $195,000 of DL costs. When Piglet closed the under- or over- applied MOH for the year, what was the effect? O Increase CGS O Decrease CGS O Increase Period Expenses.
O Decrease Net Income (or profit)