Determine what total overhead of the company is

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Reference no: EM132703429

Problem 1: A manufacturing company had actual manufacturing overhead costing of P 500,000 and predetermined overhead rate of P 3.00 per machine hour. Company worked 200,000 machine hours during the period. Total overhead of the company is:

Option 1: P 100,000 overapplied

Option 2: P 100,000 underapplied

Option 3: P 500,000 underapplied

Option 4: None of the above

Reference no: EM132703429

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