Moltiple Choice Question 99 For Sherldan Company, the predetermined overhead te is 20% of deect labor cot During the morth 1800000 of factory laber costs are incurmed of which $280000 i indirect labor Actual overhead incurred was $390000 Thee amount of oerhead debited to Work i Inventory should be es90000 n0000 o ss20000 Bonita Industries provided the following information from its accounting records for 2017. Expected production 20000 labor hours Actual production 16000 labor hours Budgeted overhead $1000000 Actual overhead $960000 How much is the overhead application rate if Bonita Industries bases the rate on direct labor hours? $62.50 per hour $48.00 per hour $60.00 per hour $50.00 per hour