Question 12 (2.5 points) Blurry Bobs Manufactures uses a predetermined overhead rate based on direct labor costs to apply manufacturing overhead to jobs. At the beginning of the year the company estimated its total manufacturing overhead cost at $350,000 and its direct labor costs at $200,000. The actual overhead cost incurred during the year was $362,000 and the actual direct labor costs incurred on jobs during the year was $208,000. The manufacturing overhead for the year would be: OA) $12,000 overapplied. OB) $2,000 underapplied. C) $12,000 underapplied. D) $2,000 overapplied. Question 13 (2.5 points) Hazel Corporation reported the following information for December: Beginning balance, Raw materials inventory $187,000 Beginning balance, Work in process inventory 300,000 Beginning balance, Finished goods inventory 106,250 Purchase of raw materials 337,500 Factory electricity 62,500 Direct labor payroll 200,000 Depreciation on factory equipment 218,750 Insurance on factory building 50,000 Indirect materials used in production 43,750 Total raw materials used in production 406,250 Indirect labor payroll 150,000 Cost of goods manufactured 1.250,000 Cost of goods sold 1,312,500 How much manufacturing overhead was incurred by Hazel during December? A) $475,000 B) $481,250 C) $462.000 D) $525,000