ome, Senhu- Pito440R. Google Mail - Zheng, Sen. Homework and Te 202 Homew QUESTION 9 Reynolds Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below: Estimates made at the beginning of the year. Estimated machine-hours 62,000 Estimated variable manufacturing overhead $7.03 per machine-hour Estimated total fixed manufacturing overhead $1,486,140 Actual machine-hours for the year 61,100 The predetermined overhead rate for the recently completed year was closest to: O $23.97 $31.00 $7.03 $31.35 QUESTION 10 Overapplied manufacturing overhead means that: O the applied manufacturing overhead cost was less than the actual manufacturing overhead cost. the applied manufacturing overhead cost was greater than the actual manufacturing overhead cost. the estimated manufacturing overhead cost was less than the actual manufacturing overhead cost. tha actimated manufacturing overhead cost was less than the applied manufacturing overhead cost