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Melbourne Company estimated that machine-hours for the year would be 40,700 hours and overhead (all fixed) would be $170,940. Melbourne applies its overhead on the
Melbourne Company estimated that machine-hours for the year would be 40,700 hours and overhead (all fixed) would be $170,940. Melbourne applies its overhead on the basis of machine-hours. During the year, all overhead costs were exactly as planned ($170,940). There was $21,000 in overapplied overhead.
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How many machine-hours were worked during the period? (Do not round intermediate calculations.)
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