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Sherman company bases its predetermined overhead rate on machine machine hours. At the beginning of the year, the company estimated its manufacturing overhead for the

Sherman company bases its predetermined overhead rate on machine machine hours. At the beginning of the year, the company estimated its manufacturing overhead for the year would be $60,000 and its machine hours would be $40,000. Actual manufacturing overhead for the year amounted to $65,100 and the actual machine hours totalled 42,000 hours. Manufacturing overhead for the year would be? Show your calculation.

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