12.5 points 5 Woodstock Corporation applies overhead based upon labor-hours. Budgeted factory overhead was $266,400 and budgeted labor-hours were 18,500. Actual factory overhead was $287,920 and actual labor-hours were 19,050. Before disposition of under/overapplied overhead, account balances were as follows: Total Account Labor Hours Account Reected in Each Balance Account WIP $190,000 1,905 hours Finished Goods 250,000 6,667.50 hours Cost of Goods Sold 560,000 10,477.50 hours Total $1,000,000 19,050 hours Using the proration approach based on the amount of overhead in each account balance, the ending balance in Finished Goods after adjustment would be $254,760 $246,600. $253,400. $245,240 12.5 points 53> Red Jeep Manufacturing currently produces 3,000 tires per month. The following total cost data for 3,000 tires applies to sales to regular customers: Direct materials $ 114.000 Direct manufacturing labor 42.000 Variable manufacturing overhead 57.000 Fixed manufacturing overhead 60.000 Total $273000 Assume Red Jeep sells everything it produces. The plant is considering decreasing production to 2.000 tires. What is the total cost of producing 2.000 tires? $202,000 $344,000 $273,000 $182,000