The following information relates to the Moonie Park Manufacturing Company for the year 2012. Plant capacity 480,000 machine hours Normal level of production 432,000 machine hours Budgeted level of production 360,000 machine hours Budgeted manufacturing overhead $2,160,000 Actual manufacturing overhead for the month of $175,000 Actual machine hours used for February 2012 35,000  What would be the amount of underapplied or overapplied overhead at the end of the month if overhead rates were calculated based on practical capacity, normal capacity and budgeted capacity respectively.

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OAR Overhead Absorption Rate Based on Plant Capacity 2160000 480000 45 per hou... View the full answer