At the beginning of the year, Swaim Company estimated annual overhead costs to be $400,000 and machine hours to be used at 200,000. Swaim uses machine hours as the base. Actual machine hours totaled 180,000 during the year. How much overhead did the company apply during the year? 0 $444,444 0 $420,000 O $360,000 Actual costs are needed to determine this. Question 49 1 pts The production department started the month with a beginning goods in process inventory of $20,000. During the month, it was assigned the following costs: direct materials, $152,000, direct labor, $45,000; overhead applied at the rate of 40% of direct labor cost. Inventory with a cost of $218,000 was transferred to finished goods. The ending balance of goods in process inventory is: $330,000 O $17.000 O $220,000 O $112.000 Restengutes O $118.000 Question 50 1 pts A company uses activity-based costing to determine the costs of its three products: A, B and C. The budgeted cost and activity for each of the company's three activity cost pools are shown below. Budgeted Activity Budgeted Cost Product A Product B Productc Activity Cost Pool Activity 1 Activity 2 $ 70,000 6,000 7.000 20,000 8.000 $ 9,000 15.000 1.000 45,000 82.000 Activity 3 $ 2,500 1,625 Which of the following statements is true regarding this company's activity rates? The activity rate under the activity-based costing system for Activity 2 is $2.00. The activity rate under the activity-based costing system for Activity 2 is $16.00. O The activity rate under the activity-based costing system for Activity 2 is $1.50. The activity rate under the activity-based costing system for Activity 2 is $19.50. The activity rate under the activity-based costing system for Activity 2 is $2.81