Question: ABC Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2021: Budgeted manufacturing

ABC Company uses normal costing. It allocates manufacturing overhead costs using

ABC Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2021: Budgeted manufacturing $4,200,000 overhead costs Budgeted machine-hours 175,000 $3,840,000 Actual manufacturing loverhead costs Actual machine-hours 170,000 Calculate the amount of overallocated manufacturing overhead

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