1) Machine usage in a department causes most of the overhead costs such as depreciation expense, maintenance expense and repair expense. What is the most appropriate cost-allocation base for applying overhead costs to products? A) the number of machines B) the salvage value of the machines C) the average age of the machines D) the number of machine hours 2) USC Company has the following information available: Budgeted factory overhead costs$90,000 Actual factory overhead costs$80,000 Budgeted direct labor hours20,000 Actual direct labor hours21,000 Assume direct labor hours are the cost driver of factory overhead costs. The budgeted factory overhead rate is ________. 3) Barenz Builders had the following information available for the past twelve months: Budgeted factory overhead costs$80,000 Actual factory overhead costs$82,000 Budgeted machine hours40,000 Actual machine hours39,500 Assume the cost driver for factory overhead costs is machine hours and a job uses 10,000 machine hours. The job was budgeted to use 11,000 machine hours. What amount of factory overhead is applied to the job? 4) Iglesias Company completed Job 12 on November 30. The details of Job 12 are given below: Direct labor cost $840 Direct materials cost $1,100 Machine hours 7 Direct labor hours 22 Predetermined overhead allocation rate $90 per machine hour What is the total cost of Job 12? 5) The following information was gathered for all the products made by the Ringaling Company: Budgeted direct labor hours31,000 Actual direct labor hours32,400 Budgeted factory overhead costs$147,250 Actual factory overhead costs$149,980 Assume the cost driver for factory overhead costs is direct labor hours. What is the amount of overapplied or underapplied overhead