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Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $295,395 for the year, and
Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $295,395 for the year, and machine usage is estimated at 125,700 hours. For the year, $316,040 of overhead costs are incurred and 130,400 hours are used, What is the amount of under-or overapplied overhead at December 31? Manufacturing Overhead $
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