Question: Please provide the accurate answer to this accounting problem using appropriate methods. Bright Manufacturing has been using an overhead absorption rate of $16.75 per machine

Please provide the accurate answer to this accounting problem using appropriate methods.

Bright Manufacturing has been using an overhead absorption rate of $16.75 per machine hour in its production department. During the year, the actual overhead expenditure amounted to $540,000, and 31,000 machine hours were used. How much overhead is under or over absorbed

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