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Please help me solve the following question with steps on how to do it. I already have the answers, I just need someone to explain
Please help me solve the following question with steps on how to do it. I already have the answers, I just need someone to explain in clear steps on how to do this problem.
1) Manufacturing overhead expenses are budgeted at $2,000 per month. Included in the $2,000 are $500 of monthly depreciation expense and $200 of allocated expenses related to manufacturing insurance that was paid in February. What is the cash outflow for overhead for the month of May?
Ans: $1300
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