17) 7) On the Schedule of Cost of Goods Manufactured, the final Cost of Goods Manufactured figure represents: A) the amount of cost of goods completed during the current year whether they were started before or during the current year. B) the amount of cost charged to Work in Process during the period. C) the amount of cost placed into production during the period. D) the amount of cost transferred from Finished Goods to Cost of Goods Sold during the period. 18) Buker Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: 74,000 Estimated machine-hours Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead.$1,630,960 $7.67 per machine-h The predetermined overhead rate for the recently completed year was closest to: A) $7.67 B) $29.59 C) $29.71 D) 22.04 awyer Manufacturing Corporation uses a predetermined overhead rate based 19) n direct labor-hours to apply manufacturing overhead to jobs. Last year, the orporation worked 57,00o actual direct labor-hours and incurred $345,ooo of ctual manufacturing overhead cost. The Corporation had estimated that it ould work 55,000direct labor-hours during the year and incur $330,000 of anufacturing overhead cost. The Corporation's manufacturing overhead cost for the ar was: A) overapplied by $15,000 C) overapplied by $3,000 B) underapplied by $3,000 D) underapplied by $15,000