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Seymour B Knoble Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead
Seymour B Knoble Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $625,000, variable manufacturing overhead of $5.40 per machine-hour, and 75,000 machine-hours. The estimated total manufacturing overhead is closest to:
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$405,000
$1,030,000
$625,005
$625,000
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