Question: High Icon underapplied inventory by $ 1 2 , 0 0 0 during the year. The company had the following information: Overhead application base: Machine

High Icon underapplied inventory by $12,000 during the year. The company had the following information:
Overhead application base: Machine hours
Estimated machine hours: 10,000
Actual machine hours: 14,000
Estimated overhead: $ 190,000

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