Acme Corp. applies manufacturing overhead on the basis of machine hours. At the beginning of...
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Accounting
Acme Corp. applies manufacturing overhead on the basis of machine hours. At the beginning of the most recent year, the company based its predermined overhead rate on total estimated overhead of $135,850. Actual manufacturing overhead for the year amounted to $145,000 and actual machine hours were 5,660. The company's predetermined overhead rate for the year was $24.70.
1. The predetermined overhead rate was based on how many estimated machine hours?
2. The applied manufacturing overhead for the year was?
3. The overhead for the year was?
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