25 Aggies Manufacturing a small manufacturer that machinery amounts for 2022 for the Company and for Job 62 Jun 12 Direct Materials $75.000 $5.000 Direct Labor $20.000 $3.000 Manufacturing $66,000 Overhead Costs Machine Hours 110,000 hours 2.000 hours During 2022, the actual machine hours totaled 100,000 and actual overhead costs w Instructions: Complete the following statements. Do NOT use $ signs. Use commas for numbers (NO 5100010000) (YES 10,000). If a number has decimals, present ONLY 2 DECIMAL SPACES (EXAMPLE: 0.20; 0.25; 1,000.35; NOT 0.2) DO NOT USE THERE ARE NO DECIMALS. Failure to follow these instructions WILL RESULT IN AN INCORRECT ANSWER. 1) The predetermined overhead rate is $1.97 2) The total manufacturing overhead applied to Job 62 is 5_0 per machdur 3) The total manufacturing costs for Job 62 is $8,600 4) How much was total Applied Overhead for the year for the company? 5 5) is the overhead OVERAPPLIED or UNDERAPPLIED? Choose one of the underlined options (make sure it is written correctly) underapplied 6) By how much is Overhead underapplied or overapplied? (Don't use negative or positive signs; answer in absolute terms) $ 11,000 7) Would you DEBIT or CREDIT the Manufacturing Overhead account to adjust for the over or underapplication? Choose Debit or Credit. (make sure it is written correctly) credit QUESTION 25 Aggies Manufacturing is a small manufacturer that uses machine-hours as its activity a cad costs to jobs. The company estimated the following amounts for 2022 for the Company and for Job 62 Direct Materials Direct Labor Manufacturing Overhead Costs Machine Hours Company $75,000 $20,000 $66,000 110,000 hours Job 62 $5,000 $3,000 2,000 hours During 2022, the actual machine hours totaled 100,000 and actual overhead costs were $55,000. Instructions: Complete the following statements. Do NOT use $ signs. Use commas for numbers (NO $10000) (NO 10000) (YES 10,000). If a number has decimals, present ONLY 2 DECIMAL SPACES (EXAMPLE: 0.20; 0.25; 1,000.35; NOT 0.2) DO NOT USE .00 IF THERE ARE NO DECIMALS. Failure to follow these instructions WILL RESULT IN AN INCORRECT ANSWER. 1) The predetermined overhead rate is $1.97 2) The total manufacturing overhead applied to Job 62 is $0 3) The total manufacturing costs for Job 62 is $ 8,600 4) How much was total Applied Overhead for the year for the company? $_ per machine hour 5) is the overhead OVERAPPLIED or UNDERAPPLIED? Choose one of the underlined options (make sure it is written correctly) underapplied 6) By how much is Overhead underapplied or overapplied? (Don't use negative or positive signs; answer in absolute terms) $11,000 7) Would you DEBIT or CREDIT the Manufacturing Overhead account to adjust for the over or underapplication? Choose Debit or Credit. (make sure it is written correctly) credit 17.5 points