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What was over- or underapplied manufacturing overhead

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Question - Tom's Tool & Die uses a predetermined factory overhead rate based on machine-hours. For August, Tom's budgeted overhead was $150,500 based on a budgeted volume of 43,000 machine-hours. Actual overhead amounted to $143,000 with actual machine-hours totaling 40,500.

Required - What was over- or underapplied manufacturing overhead in August?

Reference no: EM132712949

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