17. Dagger Corporation uses direct labor-hours in its predetermined overhead rate. At the end of the year, actual direct labor-hours for the year were 19,400 hours, manufacturing overhead for the year was $413, 220 which was underapplied by $5,650, as actual manufacturing overhead was $418,870. The predetermined overhead rate for the year must have been closest to: A. $21.59 B. $20.76 C. $21.30 D. $21.85 At the beginning of December, Sneeden Corporation had $32,000 of raw materials on hand. During the month, the Corporation purchased an additional $71,000 of raw materials. During December, $75,000 of raw materials were requisitioned from the storeroom for use in production. The credits entered in the Raw Materials account during the month of December total: 18. A. $32,000 B. $75,000 C. $71,000 D. $103,000 Arvay Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of October. Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $62,000- to reflect actual and the total of the credits to the account was $52,000-to reflect applied. Which of the following statements is true? 19. A. Actual manufacturing overhead incurred during the month was $52,000. B. Manufacturing overhead applied to Work in Process for the month was $62,000. C. Manufacturing overhead for the month was underapplied by $10,000. D. Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $62,000