5. Baker Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $73,140 and 2,300 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $75,290 and actual direct labor-hours were 2,200.

The applied manufacturing overhead for the year was closest to: (Round your intermediate calculations to 2 decimal places.)

$74,808

$71,640

$69,960

$66,984

6. Meyers Corporation had the following inventory balances at the beginning and end of November:

	November 1			November 30
Raw Materials	$	80,000		$	28,000
Finished Goods	$	220,000		$	150,000
Work in Process	$	46,000		$	50,000

During November, $170,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $9 per direct labor-hour, and it paid its direct labor workers $14 per hour. A total of 1,000 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $20,000 of direct materials cost. The Corporation incurred $120,000 of actual manufacturing overhead cost during the month and applied $110,000 in manufacturing overhead cost.

The actual direct labor-hours worked during November totaled: (Round your answers to the nearest dollar.)

8,571 hours

7,857 hours

13,333 hours

12,222 hours