Buker Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours 74,000 Estimated variable manufacturing overhead cost 1 $567,5 Estimated variable manufacturing overhead cost 2 $1,630,960 The predetermined overhead rate for the recently completed year was closest to: A. $22.04 B. $29.59 C. $7.67 D. $29.71 Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor- hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 57,000 actual direct labor-hours and incurred $345,000 of actual manufacturing overhead cost. The Corporation had estimated 55,000 direct labor-hours would occur during the year. It also estimated $330,000 of manufacturing overhead cost would be incurred. The Corporation's manufacturing overhead cost for the year was: A. overapplied by $15,000 B. underapplied by $15,000 C. overapplied by $3,000 D. underapplied by $3,000 10