1) Baker Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $79,750 and 2,500 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $81,850 and actual direct labor-hours were 2,250. The predetermined overhead rate for the year was closest to?

a) $30.66 b) $31.90 c) $32.60 d) $33.92

2) Arvay Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of October. Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $64,700 and the total of the credits to the account was $58,700. Which of the following statements is true?

	a) Actual manufacturing overhead incurred during the month was $58,700.
	b) Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $64,700.
	c) Manufacturing overhead for the month was underapplied by $6,000.
	d) Manufacturing overhead applied to Work in Process for the month was $64,700. 3) Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 56,000 actual direct labor-hours and incurred $636,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 53,000 direct labor-hours during the year and incur $583,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was: a) Overapplied by $20,000 b) Underapplied by $20,000 c) Overapplied by $33,000 d) Underapplied by $33,000