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Assume a company has a plantwide overhead rate of $20 per machine hour. Recently, the company experimented with an ABC system that broke down its

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Assume a company has a plantwide overhead rate of $20 per machine hour. Recently, the company experimented with an ABC system that broke down its total overhead of $400,000 into various cost pools including one titled "Machining" that was assigned to products using machine hours. One product called the "widget" consumed two machine hours and was assigned total of $10 of overhead from the "Machining" cost pool. What is the total amount of overhead cost included in the Machining activity-based cost pool? Multiple Choice $100,000 $80,000 $78,000 $112.000 O

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