Question: Tony's Textiles uses a predetermined factory overhead rate based on machine-hours. For May, Tony's budgeted overhead was S108,000 based on a budgeted volume of 36,000

Tony's Textiles uses a predetermined factory overhead rate based on machine-hours.

Tony's Textiles uses a predetermined factory overhead rate based on machine-hours. For May, Tony's budgeted overhead was S108,000 based on a budgeted volume of 36,000 machine-hours. Actual overhead amounted to $108,000 with actual machine-hours totaling 37,000. What was over- or underapplied manufacturing overhead in May

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