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Smith Co has the following information for the month of January: Predetermined overhead rate = $40 per machine hour January machine hours = 5,000 hours

Smith Co has the following information for the month of January: Predetermined overhead rate = $40 per machine hour January machine hours = 5,000 hours If the actual overhead for January is $190,000, what is the overhead variance and is it overapplied or underapplied?

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