QUESTION 26 The three major cost components of manufacturing a product which are added to the Work in Process account are: Direct materials, direct labor, and applied overhead. Marketing selling and administrative costs. Indirect labor, Indirect materials, and fixed expenses. General, selling and administrative costs, Product costs, period costs, and variable costs. Direct materials, direct labor, and actual overhead. QUESTION 27 A company has estimated that overhead for the coming year for the entire factory will be around $500,000. They apply their overhead to their jobs based on direct labor hours. The company estimates that 100,000 direct labor hours will be charged for the entire factory next year. They also estimate that $5,000 in direct materials will be incurred. What is their predetermined overhead rate for the coming year? $SO/DLH $20/DM 55/DLH SA/DLH $100,000