8.(TCO 2) Which of the companies below would be most likely tonotuse job-order costing?(Points : 7)

A contract printer

A custom boat builder

A chemical manufacturer

A specialty coffee roaster

Question 9.9.(TCO 2) James Company applies manufacturing overhead based on machine hours. Information concerning manufacturing overhead cost and hours for August follows.

EstimatedActual

Overhead cost $500,000 $400,000

Direct labor hours 15,000 40,000

Machine hours 25,000 80,000

How much is the predetermined overhead rate?(Points : 7)

$33.33

$5.00

$20.00

$10.00

10.(TCO 2) During 2015, Thompson Company applied overhead using a job-order costing system at a rate of $15 per direct labor hour. Estimated direct labor hours for the year were 110,000, and estimated overhead for the year was $1,650,000. Actual direct labor hours for 2015 were 100,000, and actual overhead was $1,520,000. What is the amount of under- or over-applied overhead for the year?(Points : 7)

$130,000 under-applied

$20,000 under-applied

$130,000 over-applied

$20,000 over-applied