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Round all answers to 2 decimals. Taylor Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data
Round all answers to 2 decimals.
Taylor Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2017: Budgeted manufacturing overhead costs Budgeted machine-hours Actual manufacturing overhead costs Actual machine-hours $3,800,000 200,000 $3,660,000 196,000 Use this information for the next 4 questions. Question 25 1 pts Calculate the budgeted manufacturing overhead rate per machine hour. Question 26 1 pts Calculate the manufacturing overhead allocated during 2017. Question 27 Calculate the amount of under-or overallocated manufacturing overhead. (Just the amount. You will state whether it is under or over applied in the next question.) Question 28 The amount applied was: Overallocated Underallocated Neither Under nor OverallocatedStep by Step Solution
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