A manufacturer uses machine hours to allocate overhead cost to products. Budgeted information for the current year follows. Budgeted overhead cost$ 108,800Budgeted machine hours1,280machine hours...

A manufacturer uses machine hours to allocate overhead cost to products. Budgeted information for the current year follows. Budgeted overhead cost$ 108,800Budgeted machine hours1,280machine hours Overhead cost of $21.25 is allocated to a job that uses 4 machine hours. T/F