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Ralston Gifts applies overhead on the basis of machine hours. The following data were provided by Ralston: Estimated annual overhead cost: $516,600 Actual annual overhead

Ralston Gifts applies overhead on the basis of machine hours. The following data were provided by Ralston:

Estimated annual overhead cost: $516,600

Actual annual overhead cost: $537,500

Estimated machine hours: 126,000

Actual machine hours: 125,000

How much overhead was applied?

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