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What was the company budgeted level of machine hours

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A company uses a predetermined overhead recovery rate based on machine hours. Budgeted factory overhead for a year amounted to $720,000, but the actual overhead incurred was $738,000. During the year, the company absorbed $714,000 of factory overhead on 119,000 machine hours.

Problem 1: What was the company's budgeted level of machine hours for the year?

Reference no: EM132556394

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