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Outlander Corporation applies overhead based upon machine-hours. Budgeted factory overhead was $325,600 and budgeted machine-hours...

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Accounting

Outlander Corporation applies overhead based upon machine-hours. Budgeted factory overhead was $325,600 and budgeted machine-hours were 20,000. Actual factory overhead was $318,750 and actual machine-hours were 21,700. Before disposition of under/overallocated overhead, the costs of goods sold was $540,000 and ending inventory balances were as follows:
\table[[Direct Materials,$60,000
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