1.Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year:

Estimated total manufacturing overhead at the beginning of the year$546,000Estimated direct labor-hours at the beginning of the year42,000direct labor-hours

Results of operations:

Actual direct labor-hours47,000direct labor-hoursManufacturing overhead:Indirect labor cost$152,000Other manufacturing overhead costs incurred$454,000Cost of goods manufactured$1,569,000Cost of goods sold (unadjusted)$1,458,000

Manufacturing overhead is overapplied or underapplied by:

Select one:

a.$186,000 Overapplied

b.$5,000 Underapplied

c.$186,000 Underapplied

d.$5,000 Overapplied

2.The following accounts are from last year's books of Walsh Manufacturing:

Raw Materials

Bal0(b)154,000

(a)164,00010,000

Work In Process

Bal0(f)510,000

(b)132,000

(c)168,000

(e)210,0000

Finished Goods

Bal0(g)460,000

(f)510,000

50,000

Manufacturing Overhead

(b)22,000(e)210,000

(c)26,000

(d)156,000

6,000

Cost of Goods Sold(g)460,000

Walsh uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the amount of direct materials used for the year?

Select one:

a.$132,000

b.$164,000

c.$154,000

d.$168,000