Avalanche Manufacturing Co. has an expected overhead cost to be $840,000 for the year. They...

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Accounting

Avalanche Manufacturing Co. has an expected overhead cost to be $840,000 for the year. They also estimate that the machine usage will be 200,000 hours for the year.They apply manufacturing overhead to jobs on the basis of machine hours used. During the year, $998,400 of overhead costs are actually incurred and 236,000 machine hours are actually worked.Is the overhead over- or under-applied at December 31? What is the amount?

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