On January 1, Biden, Inc's Work in - Process Inventory account had a balance of $31,300. During the year, $58,000 of direct materials was placed into production. Manufacturing wages incurred amounted to $84,000, of which $64,000 were for direct labor. Manufacturing overhead is allocated on the basis of 120% of direct labor cost. Actual manufacturing overhead was $90,700. Jobs costing $220,400 were completed during the year. What is the December 31 balance of Work in Process Inventory? 0 A. $230,100 0 B. $9,700 0 C. $153,300 0 D. $31,300 Felton Quality Productions uses a predetermined overhead allocation rate based on machine hours. It has provided the following information for the year: Actual manufacturing overhead costs incurred $100,000 Manufacturing overhead costs allocated to production $58,000 Actual direct materials cost $220,000 Actual direct labor cost $50,000 Actual machine hours 30,000 hours Based on the above information, calculate the predetermined overhead allocation rate applied by Felton Quality. (Round your answer to the nearest cent.) 0 A. $1.93 per machine hour 0 B. $1.67 per machine hour 0 C. $7.33 per machine hour O D. $3.33 per machine hour Yazzie, Inc. reports the following information for the year ended December 31: Units sold 630 units Sales price $160 per unit Direct materials $28 per unit Direct labor $11 per unit Variable manufacturing overhead $18per unit Fixed manufacturing overhead $12per unit Variable selling and administrative costs $5 per unit Fixed selling and administrative costs $12,200 per year The operating income calculated using variable costing and absorption costing amounted to $9,600 and $12,600, respectively. There were no beginning inventories. Determine the total xed manufacturing overhead that will be expensed under variable costing for the year 2016. o A. $7,560 0 B. $10,560 0 c. $35,910 0 D. $25,200