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ABC Inc. has a job-order costing system and applies manufacturing overhead cost to products on the basis of machine hours. The following estimates were used
ABC Inc. has a job-order costing system and applies manufacturing overhead cost to products on the basis of machine hours. The following estimates were used in preparing the predetermined overhead rate for the most recent year: Machine hours: 102,000 Manufacturing overhead cost: 1,624,250 The company's cost records for the year indicate the following actual costs and operating data for the year. Machine hours: 69,000 Manufacturing overhead cost: 1.403.750 How much of the Manufacturing Overhead was applied during the year
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