Jameson estimates that 20,000 direct labor-hours will be worked during the year. The predetermined overhead rate per hour will be: A) $2.50 per direct labor-hour C) $3.00 per direct labor-hour B $2.79 per direct labor-hour D) S4.00 per direct labor-hour 16) In a job-order costing system, manufacturing overhead applied is recorded as a debit to: A) Raw Materials inventory B) Finished Goods inventory Work in Process inventory. ) Cost of Goods Sold. 17) Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (5,700 units) $ 319,200 188,100 131,100 106,500 24,600 Variable expenses Contribution margin Fixed expenses Net operating income If the company sells 5,300 units, its net operating income should be closest to: A) $24,600 B) $2,200 C $22,874 D) S15,400 18) Stauffer Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (8,000 units) Variable expenses Contribution margin 320,000 192.000 128,000 118.400 9,600 Fixed expenses Net operating income The variable expense ratio is closest to