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Crane Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $330,750 for the year, and
Crane Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $330,750 for the year, and machine usage is estimated at 157,500 hours. For the year, $405,720 of overhead costs are incurred, and 163,800 hours are used. What is the amount of under-or overapplied overhead at December 31? Manufacturing Overhead
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