5. Refer to the following data. Direct material used Selling costs Indirect manufacturing labour Head office administrative costs Depreciation on factory equipment Direct labour Manufacturing overtime paid Indirect manufacturing materials $150,000 $ 5,000 $ 7,000 $ 10,000 $ 70,000 $ 40,000 $ 20,000 $ 45,000 The inventoriable costs are: a $242,000 b. $312,000 C. $332,000 d $347,000 6. Which of the following does not explain why using a predetermined overhead rate usually leads to over or underapplied overhead. a. Actual spending for overhead is hard to predict accurately when preparing a budget for overhead. b. The costs of inputs can fluctuate unexpectedly over time. C. Actual use of the overhead allocation base differs to what was budgeted. d Budget estimates are usually based on maximum capacity. 7. The following data apply to Cement Manufacturing Pty Ltd Direct materials inventory, beginning of the year $3,000 Direct material inventory, end of year $5,500 Direct materials purchased during the year $50,000 Calculate the amount of direct materials used during the year. a. $36,500 b. $42,500 C. $47,500 d $53,500