10 The HY manufacturing company computes predetermined overhead rate on the basis of machine hours in the machining department and direct labor cost in the assembly department. The following estimates were made at the beginning of the year: ut of question Direct labor hours Direct labor cost Machine hours Manufacturing overhead Machining Assembly 12.000 8.000 $18.000 $10.000 3.000 1.000 $15.000 $20,000 Based on the above information, what are the predetermined overhead rates for machining department and assembly department? Select one: a. $6 and 200% b. $5 and 200% C. $5 and 50% d. $5 and 100% Wind 11 The ABC company has the following estimated costs for the next year: Direct materials: $15,000 Indirect materials: $5,000 tof Direct labor: $55,000 estion Salary of production supervisor: $35,000 Rent on factory equipment: $16,000 Sales commission: $75,000 Advertising expenses: $11,000 It is estimated that 53,000 machine hours and 8,000 direct labor hours will be worked during the next year. What will be the predetermined overhead rate if company applies manufacturing overhead cost to jobs on the basis of direct labor hours. Select one: a. $14 b. $17 C. $7 d. $15 12 The process of identifying, aggregating, and assigning costs to cost objects is Select one: a. Cost object ut of b. Prime cost question c. Overhead cost d. Cost allocation