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Machine Co. has the following cost information available for 2020, Budgeted overhead costs $1.174.500 Actual overhead costs $1,165,000 Budgeted machine hours 450,000 Actual machine hours

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Machine Co. has the following cost information available for 2020, Budgeted overhead costs $1.174.500 Actual overhead costs $1,165,000 Budgeted machine hours 450,000 Actual machine hours 447,000 Machine Co allocated overhead based on machine hours. During 2020. what amount of overhead costs will be allocated to work in process for at $1.165.000 $1.166,670 $1,182,383 $1.174.500

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