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anwer only Question 7 3 pts Southern Rim Parts estimates its manufacturing overhead to be $495,000 and its direct labor costs to be $900,000 for

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Question 7 3 pts Southern Rim Parts estimates its manufacturing overhead to be $495,000 and its direct labor costs to be $900,000 for year 1. The first three jobs that Southern Rim worked on had actual direct labor costs of $20,000 for Job 301, $30,000 for Job 302, and $40,000 for Job 303. For the year, actual manufacturing overhead was $479,000 and total direct labor cost was $800,000. Manufacturing overhead is applied to jobs on the basis of direct labor costs using predetermined rates. How much overhead was assigned to Job 301 (before the adjustment to over/under applied manufacturing overhead) and what was the over- or underapplied manufacturing overhead for year 12 O $11,000; under-applied manufacturing overhead $39.000 D O $22,000; over-applied manufacturing overhead $16,000 O $11,000; over-applied manufacturing overhead $16.000 O $22.000; over-applied manufacturing overhead $39,000 > Question 8 3 pts Question 8 3 pts Kinnear Plastics manufactures various components for the aircraft and marine industry. Kinnear buys plastic from two vendors: Tappan Corporation and Hill Enterprises. Kinnear chooses the vendor based on price. Once the plastic is received, it is inspected to ensure that it is suitable for production. Plastic that is deemed unsuitable is disposed of. The controller at Kinnear collected the following information on purchases for the past year. Tappan Hill 4,400 8,200 Total purchases (tons) Plastic discarded 110 410 The purchasing manager has just received bids on an order for 150 tons of plastic from both Tappan and Hill. Tappan bid $1,482 and Hill bid $1,463 per ton. Which statement is TRUE in this case? O Buying from Hill is more expensive than from Tappen by $20 per ton after considering the cost of plastic discarded. O Buying from Hill is less expensive than from Tappen because Hill's bid per ton is lower than Tappan's. O Buying from Hill is less expensive than from Tappen by $19 per ton after considering the cost of plastic discarded. O Buying from Hill is more expensive than from Tappen because Hill provides better quality of materials than Tappen

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