1.Alex's Glove-Making Company that produces quality gloves for professional soccer goalkeepers, use direct labor-hours in its predetermined overhead rate. At the beginning 2018, the estimated direct labor-hours were 21,940 hours and the total estimated manufacturing overhead was $530,948. At the end of 2018, actual direct labor-hours for the year were 21,850 hours and the actual manufacturing overhead for the year was $530,948. Overhead at the end of 2018 was:

2.

Matthias Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of May. 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 and the total of the credits to the account was $87,000. Which of the following statements is true? Multiple Choice Manufacturing overhead for the month was underapplied by $25,000. ( ) Actual manufacturing overhead incurred during the month was $87,000. Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $62,000. o oo Manufacturing overhead applied to Work In Process for the month was $87,000