Question: Reyes Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $268,416, and budgeted machine-hours were 18,640. Actual factory overhead

Reyes Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $268,416, and budgeted machine-hours were 18,640. Actual factory overhead was $288,620, and actual machine-hours were 19,190. How much is the over- or underapplied overhead?

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