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Lancer charges manufacturing overhead to products by using

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Lancer charges manufacturing overhead to products by using a predetermined application rate, computed on the basis of machine hours. The following data pertain to the current year:

Estimated (budgeted) manufacturing overhead: $1,080,000

Actual manufacturing overhead:                $945,000

Estimated (budgeted) machine hours:      45,000  

Actual machine hours:                                31,500

Which of the following choices denotes the correct status of manufacturing overhead at year-end?

Reference no: EM13586768

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