Gibson Manufacturing is a small textile manufacturer using machine-hours as the allocation base in calcualting POR. The following estimates are provided for the coming year for the company and for the Winfield High School band jacket job. Direct materials Direct labor Manufacturing overhead costs Machine-hours Company $40,000 $10,000 $30,000 100,000 mh Winfield High School Job $1,000 $200 900 mh 7) What amount of manufacturing overhead costs will be allocated to this job? A) $720 B) $30,000 C) $270 D) $450 8) For Gibson Manufacturing, what is the POR? A) $33.33 B) $0.50 C) $0.30 D) $0.80 9) What are the total manufacturing costs of this job? A) $1,650 B) $1,470 C) $1,920 D) $1,200 10) 10) A major advantage of using the FIFO process-costing method is that: A) in contrast with the weighted-average method, FIFO is considered GAAP B) FIFO makes the unit cost calculations simpler C) FIFO provides managers with information about changes in the costs per unit from one period to the next D) All of these answers are correct