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October 1, 2014

Homework Help: accounting

Posted by linda on Tuesday, April 30, 2013 at 7:15pm.

The forecast overhead for the current year will be $11,279,512 and that total machine hours will be 160,228 hours. The actual overhead is $7,919,409 and the actual machine hours are 90,509 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date) the overhead is over/under applied by?

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