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Shine Company uses a predetermined overhead rate of $15.00 per machine hour. The rate was based on estimated total manufacturing overhead cost of $375,000 and
Shine Company uses a predetermined overhead rate of $15.00 per machine hour. The rate was based on estimated total manufacturing overhead cost of $375,000 and estimated machine hours of 25,000. Shine incurred actual total manufacturing overhead costs of $329,000 and total machine hours of 23,500. The total amount of overhead applied to all jobs during the period would be closest to: O $350,000 O $329,000 O $352,500 O $375,000
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