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Calculate over or underapplied overhead

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Calculating Over- or Underapplied Overhead

Tony's Textiles uses a predetermined factory overhead rate based on machine-hours. For May, Tony's budgeted overhead was $210,000 based on a budgeted volume of 35,000 machine-hours. Actual overhead amounted to $227,500 with actual machine-hours totaling 38,500.

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What was over- or underapplied manufacturing overhead in May?

Reference no: EM13515637

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