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For 2021, XYZ Manufacturing uses machine-hours as the only overhead cost-allocation base. The budgeted manufacturing...

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Accounting

For 2021, XYZ Manufacturing uses machine-hours as the only overhead cost-allocation base. The budgeted manufacturing overhead costs are $550,000 and budgeted machine hours are 55,000. The actual manufacturing overhead costs are $530,000 and actual machine hours are 50,000.

How much is the manufacturing overhead over-under allocated?

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