Question: Ivanhoe Inc. sells a high-speed retrieval system for information. It provides the following information for the year. Budgeted Actual Overhead cost $1,609,280 $955,520 Machine

Ivanhoe Inc. sells a high-speed retrieval system for information. It provides the following information for the year. Budgeted Actual Overhead cost $1,609,280 $955,520 Machine

Ivanhoe Inc. sells a high-speed retrieval system for information. It provides the following information for the year. Budgeted Actual Overhead cost $1,609,280 $955,520 Machine hours 50,290 44,440 Direct labour hours 103,270 93,910 Overhead is applied on the basis of machine hours. (b) Determine the amount of overhead applied for the year. Amount of overhead applied $

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