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What was over- or underapplied manufacturing overhead in aug

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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.

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Problem 1: What was over- or underapplied manufacturing overhead in August? (Do not round intermediate calculations.)

Reference no: EM132676764

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