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Based on the calculations, the total budgeted overhead cost will be equal to $15050.
What is a budget?
A budget can be defined as a financial plan that is typically used for the estimation of revenue and expenditures of an individual, business organization or government for a specified period of time, often one year.
How to calculate the total budgeted overhead cost.
Total budgeted overhead cost = (940 × 15) + 950
Total budgeted overhead cost = 14,100 + 950
Total budgeted overhead cost = $15050.
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