Dances x Search Managerial Camden County College * Chapter 1 Homework te.comcourses/4916/assignments/71167?module temid=170703 Synced to Gradebook Sat Feb 1, 2020 4:50:53 PM America/New Y Question 2 View Policies Current Attempt in Progress Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its factory Classify the below items into the following categories: (a) direct materials, (b) direct labor, and (c) manufacturing overhead. Item Category 1. Salaries for assembly line inspectors. 2. Insurance on factory machines. 3. Property taxes on the factory building 4 Factory repairs. 5. Upholstery used in manufacturing furniture 6. Wages paid to assembly line workers 7. Factory machinery depreciation Glie, nails, paint, and other small parts used in production 9. Factory supervisors' salaries 10. Wood used in manufacturing furniture. e Textbook and Media Save for Later Edwards Company applies manufacturing us company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $1,600,000 for the year, and machine usage is estimated at 200,000 hours. In January. $166.000 January, $166,000 of overhead costs are incurred and 22,000 machine hours are used. For the emainder of the year, $1.730.000 of additional overhead costs are incurred and 214,000 additional machine hours are worked. Instructions (a) Compute the manufacturing overhead rate for the year. (b) What is the amount of over- or underapplied overhead at January 317 (C) What is the amount of over- or underapplied overhead at December 31