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ABC Company is one of the leading artisan and food beverage producers in the world. ABC Company uses a job-order costing system with a single
ABC Company is one of the leading artisan and food beverage producers in the world. ABC Company uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $105,000, variable manufacturing overhead of $3.00 per machine-hour, and 70,000 machine-hours. The company recently completed Job P277 which required 70 machine-hours. The amount of overhead applied to Job P277 is closest to: (Round your intermediate calculations to 2 decimal places.)
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