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The following information is for a manufacturer that uses job-order costing and applies manufacturing overhead cost to products based on machine-hours. Before the year began
The following information is for a manufacturer that uses job-order costing and applies manufacturing overhead cost to products based on machine-hours. Before the year began the company estimated $735,000 of total manufacturing overhead costs would be incurred and 49.000 machine-hours would be used. Those estimates were used to compute the predetermined overhead rate Actual hours and costs for the year were: Machine hours 10,000 Manufacturing overhead cost 693,000 Required: 1. Determine the underapplied or overapplied overhead for the year 0 $ Complete this question by entering your answers in the tabs below. Reg1 Compute the underapplied or overapplied overhead. Underapplied overhead cost Overapplied overhead cost
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