37,38

37. The following data have been recorded for recently completed Job 323 on its job cost sheet materials cost was $2,260. A total of 37 direct labor-hours the job. The direct labor wage rate is $13 per labor-hour. The Corporation applies overhead on the basis of machine-hours. The predetermined overhead rate is $14 per machinohour The total cost for the job on its job cost sheet would be: sheet. Direct and 141 machine-hours were worked on A. $3,259 B. $2,741 C. $4,715 D. $2,287 38. Spectrum Manufacturing had the following information in its records at the end of the year. 125% of direct labor overhead rate $87,500 Estimated direct labor costs $84,000 Actual direct labor costs Manufacturing Overhead 11,000 13,000 78,000 What was the balance in Manufacturing Overhead, and when closed what will the effect be on gross margin? A. $3,000 underapplied, and increase B. $3,000 overapplied, and increase C. $3,000 underapplied, and decrease D. $3,000 overapplied, and decrease