Assume that a company uses direct labor dollars as the allocation base to compute its predetermined plantwide overhead rate of 140%. Also, assume the following information from the company's schedule of cost of goods manufactured, schedule of cost of goods sold, and its income statement: Direct labor Cost of goods manufactured $ 65,000 Actual manufacturing overhead $260,000 Selling and administrative expense $84,000 $85,000 of the beginning work-in-process inventory was $10,000, the ending work in process inventory was $5,000, and finished goods inventory decreased by $4,000 during the period, then what is the direct materials used in production? Multiple Choice $109,000 $99.000 un Assume the following: Beginning finished goods inventory Ending finished goods inventory Cost of goods manufactured Overapplied overhead Sales Net operating income $ 10,000 $ 14,000 $ 52,000 $ 1,000 $100,000 $ 8,000 What is the selling and administrative expense as reported on the income statement? Multiple Choice $43,000 $45,000 $41,000 Sales Unadjusted cost of goods sold Underapplied overhead Selling and administrative expense $100,000 $ 50,000 $ 2,000 $ 45,000 1:35:42 Book What is the net operating income? Multiple Choice $3,000 $10,000 $7,000