Calculate the financing cash flows for the current year.

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Provide answer general Accounting question

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Chapter 14, Problem 29BEB

To determine

Calculate the financing cash flows for the current year.

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Provide answer general Accounting question

Brentwood Manufacturing forecasts that total overhead for the current year will be $12,000,000 and that total machine hours will be 240,000 hours. Year to date, the actual overhead is $13,200,000, and the actual machine hours are 260,000 hours. Suppose Brentwood Manufacturing uses a predetermined overhead rate based on machine hours for applying overhead as of this point in time (year to date). In that case, the overhead is?

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