c. $48 per machine hour d. $125 per machine hour 7. MC. 16-063 The Thomli machine hours. Year tod If the Thomlin Company uses a this point in time (year to date), the overhead is ae,he actual overhead is $16,000,000 and the actual machine hoursa cyear u redetermined overhead rate based on machine hours for applying ov n Company forecasts that total overhead for the current year will be a. $500,000 underapplied b. $1,000,000 underapplied c. $1,000,000 overapplied d. $500,000 overapplied 8. MC. 16-064.ALGO At the end of the year, overhead applied was $3,717,000. Actual overhead was $3,272,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net income to a. decrease by $445,000 b. increase by $890,000 c. increase by $445,000 d. decrease by $890,000 9. MC.16-070 A summary of the materials requisitions completed during a period serves as the basis for transferring the cost of the materials from the controlling account in the general ledger to the controlling accounts for a. Work in Process and Finished Goods b. Work in Process and Cost of Goods Sold c. Work in Process and Factory Overhead d. Finished Goods and Cost of Goods Sol 10. MC. 16-072 The amount of time spent by an employee on an individual job are recorded on a. employees' earnings records b. pay stubs c. time tickets d. in-and-out cards