18. The Corporation has provided the following estimated costs for next year: Direct materials Direct labor Sales commissions Salary of production supervisor Indirect materials Advertising expense Electricity costs to power production equipment $1,000 $ 3.000 $ 4,000 $ 2,000 $ 400 $ 800 $ 500 The total amount of estimated manufacturing overhead would be: a $1,800 b. $3,000 c. $3,200 d. $11,800 e. None of the above. The answer is 19. A company had Estimated Machine Hours 150,000 hours Actual Machine Hours 147,000 hours ACTUAL Manufacturing Overhead of $1,525,000 Predetermined Overhead Rate of $10 per Machine Hour This would result in which of the following a. Manufacturing Overhead Underapplied $25,000 b. Manufacturing Overhead Overapplied $25,000 c. Manufacturing Overhead underapplied $55,000 d. Manufacturing Overhead Overapplied $55,000 e. None of the above. The answer is 20. A company's uses MACHINE Hours in calculating its predetermined Overhead Rate. The calculation would be: a. Actual Total Manufacturing Costs DIVIDED BY Actual Direct Labor Hours b. Actual Total Manufacturing Costs DIVIDED BY Estimated Direct Labor Hours c. Estimated Total Manufacturing Costs DIVIDED BY Actual Machine Hours d. Estimated Total Manufacturing Costs DIVIDED BY Estimated Machine Hours 21. Consider the following statements: 1. Under Variable Costing Fixed manufacturing costs are treated aya Period expense. II. A company produces more than it sells during the period. If the company uses Absorption Costing its profit generally will be larger than if the company uses Variable Costing a. I is true: Il is true b. I is true: IL is false c. I is false; Il is true d. I is false;ll is false 22 Aromnany has twn sement