Acct 2101\ Chapter 2 Review Questions\ 2/6/2024\ Names:\ Aliee Marcus\ Answer the questions and show your work below.\ Question 1\ Bonita Company provided the following information from its accounting records for 2022:\ \\\\table[[Expected production,50000 direct labor hours],[Actual production,57000 direct labor hours],[Estimated overhead,

$1800000

Answer the questions and show your work below. Question 1 Bonita Company provided the following information from its accounting records for 2022: What is the predetermined overhead rate if Bonita Company bases it on direct labor hours? Question 2 A company's predetermined overhead rate is 70% of direct labor cost. During the month, $ 880,000 of factory labor costs are incurred, of which $200,000 is indirect labor. The actual overhead incurred was $320000. The amount of overhead applied to Work in Process Inventory is Draw a T Account for Manufacturing Overhead and record the Actual and Applied Overhead. IS the MOH account over or under-applied? Answer the questions and show your work below. Question 1 Bonita Company provided the following information from its accounting records for 2022: What is the predetermined overhead rate if Bonita Company bases it on direct labor hours? Question 2 A company's predetermined overhead rate is 70% of direct labor cost. During the month, $ 880,000 of factory labor costs are incurred, of which $200,000 is indirect labor. The actual overhead incurred was $320000. The amount of overhead applied to Work in Process Inventory is Draw a T Account for Manufacturing Overhead and record the Actual and Applied Overhead. IS the MOH account over or under-applied