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The Anderson Company allocates manufacturing overhead to production based on machine hours. The following information...

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Accounting

The Anderson Company allocates manufacturing overhead to production based on machine hours. The following information is available for Anderson: Estimated manufacturing overhead $2,000,000 Actual manufacturing overhead $2,100,000 Estimated machine hours 125,000 Actual machine hours 140,000 REQUIRED: a. Compute Anderson's overhead allocation rate. b. Assume that Anderson's overhead allocation rate is $18. Calculate the amount of overhead that should be allocated to production.

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