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Exercise 181 (Part Level Submission) Gallagher Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total
Exercise 181 (Part Level Submission) Gallagher Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $425,000 for the year, and machine usage is estimated at 125,000 hours. For the year, $450,000 of overhead costs are incurred and 130,000 hours are used. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 52.75) Overhead rate per machine hour What is the amount of under- or overapplied overhead at December 31? overheads
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