Fill in the blank 17-21:

Administrative

Beginning

Contribution

Cost driver

Direct labor

Direct labor-hours

Direct materials

Dollars of direct labor cost

Ending

Expensed

Fixed

Fixed manufacturing overhead

For the period ended

Income statement

Indirect labor

Indirect materials

Job cost

Level of activity

Machine-hours

Manufacturing

Manufacturing overhead

Margin

Name of company

Overapplied

Period

Predetermined overhead rate

Process cost

Selling

Statement of cost of goods manufactured

Total budgeted overhead

Underapplied

Variable costing

Work inprocess inventory

16. 17. In reference to the preceding problem, the balance in the Manufacturing Overhead account is $ and overhead is (overapplied / underapplied). A is a measure of activity, such as machine-hours or computer time, that is a causal factor in the incurrence of costs in an organization. Generally speaking, manufacturing overhead is applied to production by means of a which is computed under the general formula of dividing by some measure of the 18. 19. Common bases or levels of activity on which overhead rates are often based include - and 20. 21. Manufacturing overhead is when the amount of overhead applied to production exceeds the amount of overhead incurred in a period. When the reverse is true, overhead is Assume that budgeted total overhead is $1,000,000 and that budgeted machine-hours are 100,000 for the coming period. Actual overhead was $1,006,000 and actual machine-hours were 102,000. Overhead for the period is (overapplied / underapplied) by $