Question 1 A production cost center charged budgeted overheads to cost units using a machine...
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Accounting
Question 1
A production cost center charged budgeted overheads to cost units using a machine hour rate based on the following estimates:
Total machine hours 1,000
Total oveheads $15,000
A total of 982 machine hours were used and overheads incurred were $15,160.
Calculate the amount of over- or under-applied overhead for the period?
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