Given net income is $300,000 (before adjusting for over or underapplied manufacturing overhead) and manufacturing overhead is overapplied by $30,000. What is the net income after adjustment for the overapplied manufacturing overhead? Select one: $270,000 o $300,000 o $330,000 $200,000 Given cost of goods sold is $500,000 (before adjusting for over or under applied manufacturing overhead) and manufacturing overhead is over applied by 50,000. What is the cost of goods sold after adjustment for the over applied manufacturing overhead? Select one: $300,000 $450,000 $550,000 $500,000 During the period January to December 20xx, ABC worked on two jobs - Job #1 and Job #2. ABC applies overhead on the basis of 200% of direct labour cost. Below is information concerning these two jobs. What is the total manufacturing overhead applied to each job? Job #1 Job #2 10,000 15,000 $15,000 Units produced Direct materials (total) Direct labor (total) Manufacturing overhead applied $10,000 $20,000 ? $50,000 Status at December 31, 20xx Complete Incomplete but not sold Select one: O Job #1, $60,000; Job #2, $130,000 O Job #1 60,000, Job #2 $57,000 Job #1, $30,000; Job #2, $65,000 Job #1, $40,000; Job #2, $100,000