A firm uses a job-order cost system and allocates manufacturing overhead based on direct labor hours. The following information was available for the current year: Budgeted Actual Manufacturing overhead $240,000 $270,000 Direct labor hours 12,000 15,000 What was the firm's manufacturing overhead application rate for the year? O a. $16.00 b. $22.50 c. $20.00 O d. $18.00 Larry Company's accounts receivable on January 1, total $250,000. Budgeted sales for the first three months of the year are: January February March $790,000 $890,000 $750,000 Larry expects to sell 30% of its merchandise for cash. Of the remaining 70% of the sales on account, 60% are expected to be collected in the month of sale and the remainder I the following month. Calculated Larry's estimated cash receipts for January. 61,500 Calculate the units to be produced, based on the following data: Estimated units in beginning inventory Estimated units in ending inventory Expected units of sales 63,000 725,000