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plz answer all 5 questions Question 1 0.9 pts Actual overhead costs are credited to the Manufacturing Overhead account. True False Question 2 0.9 pts
plz answer all 5 questions
Question 1 0.9 pts Actual overhead costs are credited to the Manufacturing Overhead account. True False Question 2 0.9 pts The entry to record the cost of goods sold includes a debit to Finished Goods Inventory. O True FalseApplied overhead is computed by multiplying the Overhead costs by estimated cost of jobs. Predetermined rate by actual level of activity. O Actual level of activity by estimated overhead costs. O Actual overhead costs by actual level of activity.Use the following information to answer the next questions: A company estimated annual overhead cost to be $260,000 and that 95,000 labor hours would be used. The actual overhead costs and labor hours used were $200,000 and 93,000. Question 4 0.9 pts What is the predetermined rate? (rounded to 2 decimal places) O 2.11 O 2.74 O 2.15 O 1.30Question 5 0.9 pts Was the overhead over or under applied and by how much? (Use the rounded predetermined overhead rate from the question above.) Underapplied by 60,000 O Overapplied by 54,820 Underapplied by 54,820 Overapplied by 60,000Step by Step Solution
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