OFallon Products estimates manufacturing overhead of $400,000 for 2022 and applies overhead to units produced...
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Accounting
OFallon Products estimates manufacturing overhead of $400,000 for 2022 and applies overhead to units produced based on 200,000 machine hours. During 2022, OFallon generated 195,120 machine hours and incurred $409,752 of manufacturing overhead. For 2022, OFallons under/overapplied overhead is:
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