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What is the amount by which manufacturing overhead

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Question - ?Elevate, Inc. is a manufacturer of bed frames. The company allocates manufacturing overhead to production using a? single, plantwide overhead rate based on the most appropriate cost driver for its highly automated manufacturing environment. The following information is available for the year just? ended:

Estimated Manufacturing Overhead ?$350,000

Estimated Direct Labor Hour ?50,000

Estimated Machine Hours ?10,000

Actual Direct Labor Hours ?55,000

Actual Machine Hours ?12,000

Actual Manufacturing Overhead ?$362,000

What is the amount by which manufacturing overhead was either underallocated or overallocated for the? year?

A. Overallocated by ?$23,000

B. Underallocated by ?$12,000

C. Overallocated by ?$35,000

D. Underallocated by ?$278,000

E. Overallocated by ?$58,000

Reference no: EM133095248

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