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Moody Corporation uses a job - order costing system with a plantwide predetermined overhead rate based on machine - hours. At the beginning of the

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Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates:
\table[[Machine-hours required to support estimated production,156,000],[Fixed manufacturing overhead cost,$651,000
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