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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