Question: Blockchain Inc. uses machine hours as the allocation base for monthly manufacturing overhead cost. the total estimated overhead for June is $610,000. The predetermined overhead

Blockchain Inc. uses machine hours as the allocation base for monthly manufacturing overhead cost. the total estimated overhead for June is $610,000. The predetermined overhead rate is $20/machine hour for June. Its actual machine hours for June is 20,000 hours. Its actual total manufacturing overhead for June was $410,000. Which of the following statement is true for June?

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