Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following...
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Accounting
Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations.
Estimated manufacturing overhead
$325,440
Estimated machine-hours
2,400
Actual manufacturing overhead
$320,300
Actual machine-hours
2,370
The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. The overhead for the year was:
Noreen 4e Recheck 2017-16-03
$4,068 underapplied
$1,072 underapplied
$4,068 overapplied
$1,072 overapplied
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