Metalica Company applies overhead based on machine hours. At the beginning of 20x1, 27) 27) the company estimated that manufacturing overhead wou hours would total 20,000. By 20x1 year-end, actual overhead totaled $525,000, and actual machine hours were 25,000. On the basis of this information, the 20x1 predetermined overhead rate was ld be $500,000, and machine A) $20 per machine hour B) $0.05 per machine hour C) $0.04 per machine hour. D) $25 per machine hour. E) $21 per machine hour. 28) Blakely charges manufacturing overhead to products by using a predetermined application computed on the basis of machine hours. The following data pertain to the current year: Budgeted manufacturing overhead: $480,000 Actual manufacturing overhead: $440,000 Budgeted machine hours: 20,000 Actual machine hours: 16,000 Overhead applied to production totaled A) $600,000 B) $352,000. C) $384,000. D) $550,000 E) some other amount. 29) Armour, Inc., an advertising agency, applies overhead to jobs on the basis of direct professional labor hours. Overhead was estimated to be $150,000, direct professional labor hours to be $225,000. During the year, Armour incurred actual overhead costs of $146,000, actual direct professional labor hours of 14,500, and actual direct labor cost of $222,000. By year-end, the firm's overhead was: were estimated to be 15,000, and direct professional labor cost was projected A) $1,000 overapplied. B) $5,000 underapplied. c) $4,000 overapplied D) $1,000 underapplied E) $4,000 underapplied