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Peoria charges manufacturing overhead to products by using a predetermined application rate, computed on the basis of machine hours. The following pertain to the current
Peoria charges manufacturing overhead to products by using a predetermined application rate, computed on the basis of machine hours. The following pertain to the current year
Budgeted manufacturing overhead: $1,560,000
Actual manufacturing overhead: $1,460,000
Budgeted maching hours: 120,000
Actual machine hours: 122,000
Over-or-under-applied overhead totaled:
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