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At the beginning of the year budgeted blueman factory overhead was $336,000, and budgeted machine...

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Accounting

At the beginning of the year budgeted blueman factory overhead was $336,000, and budgeted machine hours were 8,000.

All the jobs that were worked on during the year had 7,900 total actual machine hours.

Actual overhead costs were $330,000 for the year.

Now it's the end of the year and they need to calculate the amount of under or over allocated overhead.

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