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3 At the current year-end, Ruiz Company found that its overhead was underapplied by $2,500, and this amount was not considered material. Based on this information, Ruiz should: 1.5 points Multiple Choice 8 01:19:42 carry the $2,500 to the next period. close the $2,500 to Cost of Goods Sold. close the $2,500 to Finished Goods Inventory. O carry the $2,500 to the income statement as "Other Expense". do nothing about the $2,500, since it is not material, and it is likely that overhead will be overapplied by the same amount next year. O Western Company allocates $10 overhead to products based on the number of machine hours used. The company uses a plantwide overhead rate with machine hours as the allocation base. Given the amounts below, how many machine hours does the company expect in department 2? 00 Estimated : Manufacturing overhead costs Direct labor hours Machine hours Department 1 $250,000 8,000 DLH 15,000 MH Department 2 $150,000 12,000 DLH ? MH 1.5 points 01:19:27 Multiple Choice 137,500 MH O 33,000 MH 82,500 MH O 88,000 MH a The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. If Burkett Corporation achieves the budgeted level of sales, what will be its margin of safety in dollars? $1,000,000 Sales (50,000 units) Costs: Direct materials Direct labor Fixed factory overhead Variable factory overhead Fixed marketing costs Variable marketing costs Pretax income $ 270,000 240,000 100,000 150,000 110,000 50,000 920,000 80,000 $ Multiple Choice Multiple Choice $275,862 O $262,500. O $172,420. O $310,115. $150,000. O