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Jenkins Company had the following information for the year. Direct materials used Direct labor incurred (9,800 hours) Actual manufacturing overhead incurred $297,600 $254,800 $425,000 Jenkins Company used a predetermined overhead rate using estimated overhead of $374,000 and 8.500 estimated direct labor hours Assume the only inventory balance is an ending Finished Goods Inventory balance of $19,500. What was adjusted cost of goods sold? Multiple Choice o $957,900 o $97,400 o $983,600 o $964,100 Manufacturing overhead was estimated to be $345100 for the year along with 20,300 direct labor hours. Actual manufacturing overhead was $385,000, and actual labor hours were 23,500. Which of the following would be correct? | o Overhead is overapplied by $14,500 o Overhead is underapplied by $39,900 o Overhead is overapplied by $39.900 o Overhead is underapplied by $14,500 Manufacturing overhead was estimated to be $492,000 for the year along with 20,500 direct labor hours. Actual manufacturing overhead was $472,525, actual labor hours were 21,500. The predetermined manufacturing overhead rate per direct labor hour would be $0.05 o o o of $24.75 $23.05 $24.00