Comox Company uses a pTB 05-08 Which of the following statements is TRUE if... Which of the following statements is TRUE if a company applies overhead to jobs on the basis of a predetermined overhead rate and reports a credit balance in the Manufacturing Overhead account at the end of any period? Multiple Choice The amount of overhead cost charged to jobs is less than the estimated overhead cost for the period. The amount of overhead cost charged to jobs is greater than the estimated cost for the period. More overhead cost has been charged to jobs than has been incurred during the period. More overhead cost has been incurred during the period than has been charged to jobs.redetermined overhead rate based on direct labour hours to apply manufacturing overhead to jobs. The company estimated manufacturing overhead at $255,000 for the year and direct labour hours at 100,000 hours. Actual manufacturing overhead costs incurred during the year totalled $270,000; actual direct labour hours were 105,000. What was the overapplied or underapplied overhead for the year? Multiple Choice $2,250 underapplied. $1,140 underapplied. $7,275 underapplied. $6,135 overapplied