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Question: A company has two departments that all goods pass through, machining and assembly. Machining overhead is applied based on machine hours and assembly overhead is applied based on direct labor hours. Data on each department is as follows:

a. Calculate the overhead rate for each department.

b. What is each department's applied overhead?

c. Calculate each department's overhead variance. Specify whether it is overapplied or underapplied.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92579175

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