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The Thomlin Company forecasts that total overhead for the current year will be $11,760,000 with...

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The Thomlin Company forecasts that total overhead for the current year will be $11,760,000 with 166,000 total machine hours. Year to date, the actual overhead is $7,663,000 and the actual machine hours are 98,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours. a. $705,000 underapplied b. $1,057,500 underapplied c. $705,000 overapplied d. $1,057,500 overapplied

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