Company estimates that the total factory overhead for the following year will be 1,250,000 The company has decided that the basis for applying factory hould be machine hours, which is estimated to be 50,000 hours. The total machine hours for the year were 54,300 . The actual factory overhead for the year 5,000 . Determine the over- or underapplied amount for the year ?

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To determine the over or underapplied amount for the year we need to compare the ap... View the full answer