07-12 Nongshin Company manufactures two types of instant noodles-cold spicy noodle and hot super spicy noodle. Nongshin uses direct labor costs to allocate manufacturing overhead costs. At the end of December 2020, Nongshin estimated that the manufacturing overhead costs would total $56,000 and the direct labor costs would total $84,000 in 2021. Nongshin had beginning and ending balances of inventories for November 2021 as follows: Nov. 1. 2021 Nov. 30, 2021 Raw materials $7.100 $8,600 Work-in-process inventory $4.100 $5,200 Finished goods inventory $0 ? Following is a list of costs the company incurred during November 2021. Purchased raw materials for $6,400 $3,200 of direct materials were used in production; Nongshin did not track the indirect materials used in the production Incurred 740 manufacturing hours: 70% of which was direct labor at $14 hourly rate and 30% of which was indirect labor at $10 hourly rate Depreciation on plant at $180 Plant insurance at $300 Plant property tax at $150 Nongshin produced 17.000 units and sold 14,600 units during November 2021. The sales price was $1.02 per unit. Q7. Find the predetermined overhead allocation rate for 2021, 52% 57% 62% 67% QUESTIONS 08. Find the indirect materials used during November 2021. $1,100 $1,400 $1,700 $2,000 QUESTIONS Q9. Find the allocated manufacturing overhead costs for November 2021. Round to two decimal places. $4,834.67 $5,034.67 $5,234.67 $5,434.67 QUESTION 10 Q10. Find the cost of goods manufactured per unit during November 2021. Round to the nearest cents. $0.73 $0.83 $0.93 $1.03 QUESTION 11 Q11. Are the manufacturing overhead costs underallocated or overallocated for November 2021? By what amount? Round to the nearest cents. $284.67 underallocated $284.67 overallocated $384.67 underallocated $384.67 overallocated QUESTION 12 Q12. Find the gross profit for November 2021. Round to the nearest cents. $4,440.82 $5,440.82 $6,440.82 $7,440.82