$41,150 Question 3 2.5/2 Wilson Company applies manufacturing overhead based on direct labor hours. Information concerning the last year follows: $ 53,340 Actual manufacturing overhead Estimated manufacturing overhead Direct labor hours incurred 50.000 3,200 Direct labor hour estimated 3.400 Compute the predetermined overhead rate. Correct! $14.71 $15.69 $15.63 $16.67 0/25 Question 4 Forsythe Manufacturing had the following balances last month. Starting Inventories Raw materials $ 26,000 46,000 32,000 Work in progress Finshed goods Ending inventories Raw materials 24,000 Work in progress 42,000 28,000 Finished goods Goods completed out of work in progress 290,000 The correct value of cost of goods sold is: You Answered $286.000 $300,000 Correct Answer $294,000 $200,000