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Tom's Tool & Die uses a predetermined factory overhead.rate based on machine hours. For August, Tom's budgeted overhead was $408,000 based on a budgeted volume
Tom's Tool & Die uses a predetermined factory overhead.rate based on machine hours. For August, Tom's budgeted overhead was $408,000 based on a budgeted volume of 48,000 machine-hours, Actual overhead amounted to $370,000 with actual machine hours totaling 43.000. Required: What was over- or underapplied manufacturing overhead in August? (Do not round intermediate calculations.) overhead
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