Question: .... Question: 2A company applies factory overhead based upon machine hours. At the beginning of the year, the company budgeted factory overhead at $250,000 and

.... Question: 2A company applies factory overhead based upon machine hours.

....

Question: 2A company applies factory overhead based upon machine hours. At the beginning of the year, the company budgeted factory overhead at $250,000 and estimated that 100,000 machine hours would be used to make 50,000 units of product. During the year, the company produced 48,000 units using 97,000 machine hours. Actual overhead for the year was $252,000. Under a standard cost system, the amount of factory overhead applied during the year was

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