Question
2. Acme Production, Inc. had the following data for their manufacturing process Estimated annual machine hours: Actual annual machine hours used: Estimated annual factory
2. Acme Production, Inc. had the following data for their manufacturing process Estimated annual machine hours: Actual annual machine hours used: Estimated annual factory overhead: Actual annual factory overhead: Estimated annual production: Actual annual production: Actual factory overhead incurred for the month of December: Actual production for the month of December: Actual machine hours used for the month of December: 60,000 hrs. 64,252 hrs. $150,000 $146,230 300,000 units 284,000 units $16,100 46,000 units 5,326 What was the company's applied overhead for December if the company's predetermined overhead rate is based on machine hours? Was overhead overapplied or underapplied?
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