Sydney Corporation estimated that machine-hours for the year would be 20,000 hours and overhead (all fixed) would

Question:

Sydney estimated that machine-hours for the year would be 20,000 hours and overhead (all fixed) would be $80,000. Sydney applies its overhead on the basis of machine-hours.
During the year, all overhead costs were exactly as planned ($80,000). There was $11,000 in over-applied overhead.

Required
How many machine-hours were worked during the period? Show computations.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...