Pago 6 > of 12 QS 15-7 Applying overhead P3 At the beginning of the year, a company predicts total overhead costs of $560,000. The company applies overhead using machine hours and estimates it will use 1,400 machine hours during the year. What amount of overhead should be applied to Job 65A if that job uses 13 machine hours during January? QS 15-11 Entry for over- or underapplied overhead P4 A company applies overhead at a rate of 150% of direct labor cost. Actual overhead cost for the current period is $950,000, and direct Inbor cost is $600,000. Prepare the journal entry to close over- or underapplied overhead to Cost of Goods Sold. OS 16-2 Process vs. job order costing A Label each statement below as either true (1) or false (F). 1. The cost per equivalent unit is computed as the total costs of a process divided by the mumber of equivalent units passing through that process Service companies are not able to use process costing 3 Costs per job are computed in both job order and process costing systems. Job order and process operations both combine materials, labor, and overhead in producing products or services 8 9