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Business, 17.02.2020 19:16 galaxyworld36
Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $2.40 per machine-hour was based on a cost formula that estimates $225,600 of total manufacturing overhead for an estimated activity level of 94,000 machine-hours. Assume that during the year the company works only 78,000 machine-hours and incurs $225,000 Manufacturing Overhead.
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