Current Attempt in Progress Vaughn Manufacturing applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under-or overapplication of overhead for the period: Estimated annual overhead cost $1600000 Actual annual overhead $1575000 cost Estimated machine hours 400000 Actual machine hours 190000 $1575000 applied and neither under-nor overapplied $1600000 applied and $815000 overapplied $760000 applied and $815000 underapplied $760000 applied and $815000 overapplied Save for Later Attempts: 0 of 1 used Submit Answer Current Attempt in Progress Sunland, Inc. has 9700 shares of 7%, $100 par value, cumulative preferred stock and 97000 shares of $1 par value common stock outstanding at December 31, 2018. If the board of directors declares a $67900 dividend, the preferred shareholders will receive $33950 and the common shareholders will receive $33950. preferred shareholders will receive 1/10th of what the common shareholders will receive. preferred shareholders will receive the entire $67900. $67900 will be held as restricted retained earnings and paid out at some future date. Save for Later Attempts: 0 of 1 used Submit Answer During 2019, Coronado Industries expected Job no. 59 to cost $600000 of overhead, $510000 of materials, and $400000 in labor. Coronado applied overhead based on direct labor cost. Actual production required an overhead cost of $305000, $580000 in materials used, and $230000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead? $40000 overapplied $295000 overapplied $295000 underapplied $40000 underapplied Save for Later Attempts: 0 of 1 used Submit Answer Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso's total overhead costs consist of assembly costs and inspection costs. The following information is available: Cost Titanium Aluminum Total Cost Assembly 500 mach. hours 500 mach. hours $61000 Inspections 350 150 $114000 2100 labor hours 1900 labor hours Reynoso is considering switching from one overhead rate based on labor hours to activity-based costing. Using activity-based costing, how much inspections cost is assigned to titanium racquets? $79800. $63850. $34200. $57000