I need help on these as well

12. At the beginning of the year, managers at King Industries estimated $400,000 in manufacturing overhead, 20,000 direct labor hours and 50,000 machine hours. Actual manufacturing costs at the end of the year were $425,000 in manufacturing overhead. During the year 22,000 direct labor hours and 47,000 machine hours were incurred. If overhead is applied based on machine hours, King's under-applied or over-applied manufacturing overhead for the year was: A. $49,000 over-applied B. $25,000 over-applied C. $49,000 under-applied D. $25,000 under-applied E. $24,000 over-applied 13. Which of the following statements are true? I. The costs listed on a job cost sheet (record) consist of the actual direct materials cost of the job, the actual direct labor cost of the job, and the actual manufacturing overhead cost of the job. Il. The actual cost of manufacturing overhead incurred is recorded as a debit (on the left of the t- account) to Manufacturing Overhead in a job-order costing system. Ill. When a job is completed, the cost of the job is transferred out of Work in Process Inventory and transferred in to Cost of Goods Sold. IV. Job-order costing would be more appropriate for Coca-cola than for a custom furniture manufacturer. V. Disposing of over-applied manufacturing overhead will result in a credit (posting on the right of the t-account) to the Cost of Goods sold account. a. 1, II, III, IV b. 1, IV, V C. 11, V d. Ill, IV e. II, IV, V