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Crane Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $ 235,750 for the year,
Crane Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $ 235,750 for the year, and machine usage is estimated at 102,500 hours. For the year, $ 264,040 of overhead costs are incurred, and 106,600 hours are used.
What is the amount of under- or overapplied overhead at December 31?
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