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ABC Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2021: Budgeted
ABC Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2021: Budgeted manufacturing $4,200,000 overhead costs Budgeted machine-hours 175,000 Actual manufacturing $3,950,000 overhead costs Actual machine-hours 170,000 Calculate the amount of overallocated manufacturing overhead.
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