Puestion #1: Job B34 at Chemonics Inc, required $500 of direct materials and 10 direct labor hours at $10 per hour. Estimated total overhead for the year was $800,000 and estimated direct labor hours were 20,000. What would be recorded as the cost of Job XYZ 2000? a. $500. b. $1000. c. $800. d. $600. Question # 2: World Mart Inc had actual manufacturing overhead costs of $1,000,000 and a predetermined overhead rate of $5.00 per machine hour. World Mart Inc. worked 210,000 machine hours during the period. Which one is the correct for this company's manufacturing overhead : a. $50,000 overapplied. b. $50,000 underapplied. c. $60,000 overapplied. d. $60,000 underapplied