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4 3.00 points Checker, Inc., produces automobile bumpers. Overhead is applied on the basis of...

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Accounting

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4 3.00 points Checker, Inc., produces automobile bumpers. Overhead is applied on the basis of machine hours required for cutting and fabricating A predetermined overhead application rate of $10.00 per machine hour was Required: a. 9,400 machine hours were expected to be used during 2016, how much overhead was expected to be incurred? b. Actual overhead incurred during 2016 totaled $122,950, and 10,100 machine hours were used during 2016. Calculate the amount of over-or underappled overhead for 2016. (Input the amount as positive value.) Underapplied overhead c. Whether the overapplied or underapplied overthead for the year is normally transferred to cost of goods sols in the income statement? Yes No

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