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Concord Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead...

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Accounting

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Concord Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $323,306 for the year, and machine usage is estimated at 125,800 hours. For the year, $422,185 of overhead costs are incurred and 130,500 hours are used. What is the amount of under-or overapplied overhead at December 31

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