Acitelli Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations.
| Estimated manufacturing overhead |
$ |
351,960
|
| Estimated machine-hours |
|
8,400 |
| Actual manufacturing overhead |
$ |
352,960 |
| Actual machine-hours |
|
8,460 |
The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year.