Chapter 15C (4pts) 5) BP Oil applies overhead on the basis of 150% of direct labor cost. A new Job is charged with $150,000 of direct materials costs and $135,000 of manufacturing overhead. The total manufacturing costs for this job is D$405,000 $330,000. O $600,000 0 $450,000 None of the above (4pts) 6) At the beginning of the year, Monroe Company estimates annual overhead costs to be $2,400,000 and that 300,000 machine hours will be operated. Using machine hours as a base, the amount of overhead applied during the year if actual machine hours for the year was 320,000 hours is $2,560,000 D $2,520,000. $2,285,714 $1,680,000 None of the above