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At the beginning of the year, Monroe Company estimates annual overhead costs to be $800,000 and that 200,000 machine hours will be operated. Using machine hours as a base, the amount of overhead applied during the year if actual machine hours for the year was 150,000 hours is:

A) $800,000.

B) $200,000.

C) $600,000.

D) $37,500.

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