Lancer charges manufacturing overhead to products by using, Ask an Expert

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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?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9964345

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