Sherman company bases its predetermined overhead rate on machine machine hours. At the beginning of the year,
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Question:
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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