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Factory overhead costs were applied to jobs at the predetermined rate of $47.50 per machine...

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Accounting

Factory overhead costs were applied to jobs at the predetermined rate of $47.50 per machine hour. Job X incurred 1,100 machine hours; Job Y used 800 machine hours. Job X was completed; Job Y was still in process at the end of March. The company closed the overapplied or underapplied overhead to the Cost of Goods Sold account at the end of Marc

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