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Infotrac Inc. sells a high-speed retrieval system for information. It provides the following information for the year. Overhead cost Machine hours Direct labour hours Budgeted

Infotrac Inc. sells a high-speed retrieval system for information. It provides the following information for the year. Overhead cost Machine hours Direct labour hours Budgeted $1,708,500 50,250 175,570 Actual $963,760 48,790 94,920 Overhead is applied on the basis of machine hours.

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