Akito Yamamoto, an accounting manager at Precision Ball Bearings Inc. has been asked to determine information that was lost due to a recent computer hack of the company's Information Technology system. Specifically, Akito's task is to determine the total budgeted manufacturing overhead cost for the most recent period. Precision Ball Bearings is a highly automated company that applies manufacturing overhead, based upon machine hours. In conducting an internal audit, Akito found the following journal entry, eliminating any overapplied or underapplied overhead for the period:

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The Answer of Akito Yamamoto, an accounting manager at Precision Ball Bearings Inc. has been asked to determine information that was lost due to a recent computer hack of the company's Information Technology system. Specifically, Akito's task is to determine the total budgeted manufacturing overhead cost for the most recent period. Precision Ball Bearings is a highly automated company that applies manufacturing overhead, based upon machine hours. In conducting an internal audit, Akito found the following journal entry, eliminating any overapplied or underapplied overhead for the period:

Akito Yamamoto, an Accounting Manager at Precision Ball Bearings Inc