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6. Mattie Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its year 2019 operations: Estimated manufacturing overhead
6. Mattie Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its year 2019 operations: Estimated manufacturing overhead Estimated machine-hours Actual manufacturing overhead Actual machine hours $239,500 4,500 $241,900 5,500 Use the data to answer the following questions (8a - d). a. The predetermined overhead rate would be normal costing): b. The applied manufacturing overhead for the year is (normal costing): c. Was the overhead for the year over applied or under applied? By how much? d. When the difference in overhead is closed out to cost of goods sold (COGS), will it increase COGS or decrease COGS? What is the effect on final net income
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