(Answered) Question - ralston gifts applies overhead on the basis of

Accounting

Question - Ralston Gifts applies overhead on the basis of machine hours. The following data were provided by Ralston:

Estimated annual overhead cost: $516,600

Actual annual overhead cost: $537,500

Estimated machine hours: 126,000

Actual machine hours: 125,000

How much overhead was applied?

Book: Management Accounting, Edition: Sixth and Authors: Jerry J. Weygandt, Paul D Kimmell and Donald E Kieso.

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