QUESTION 30 Aggies Manufacturing is a small manufacturer that uses machine-hours as its activity base to apply overhead costs to jobs. The company estimated the following amounts for 2022 for the Company and Company Job 62 $75,000 $20,000 $5,600 $3,000 Direct Materials Direct Labor Manufacturing Overhead Costs Machine Hours $77,000 110,000 hours 2,000 hours During 2022, the actual machine hours totaled 100,000 hours and actual overhead costs were $55,000. For Job 62, actual machine hours totaled 2,000 hours. Instructions: Complete the following statements. Do NOT use $ signs. Use commas for numbers (NO $10000) (NO 10000) (YES 10,000). If a number has decimals, present ONLY 2 DECIMAL SPACES 0.25; 1,000.35; NOT 0.2) DO NOT USE .00 IF THERE ARE NO DECIMALS. Failure to follow these instructions WILL RESULT IN AN INCORRECT ANSWER. 1) The predetermined overhead rate is $ per machine hour. 2) The total manufacturing overhead applied to Job 62 is $ 3) The total manufacturing costs for Job 62 is $ 4) How much was total Applied Overhead for the year for the company? $_ 5) Is the overhead OVERAPPLIED or UNDERAPPLIED? Choose one of the underlined options (make sure it is written correctly) 6) By how much is Overhead underapplied or overapplied? (Don't use negative or positive signs; answer in absolute terms) $_ 7) Would you DEBIT or CREDIT the Manufacturing Overhead account to adjust for the over or underapplication? Choose Debit or Credit. (make sure it is written correctly) Click Save and Submit to save and submit. Click Save All Answers to save all answers.

During 2022 , the achual makthine hourn toenikd 100,000 hours and actual overhoad conts wore $55.000. For Job 02 , aclual machine hours sibked 2.000 hour Instrichions 1) The predefemmined oveched rate is 1 por machine hour. 2.) The tecal manufacturing overhand appled to dob 62 is 5 3) The folal manudacturing costs for 106622 is 3 4) How much was total Applied Overfead for the yoar for the compary?? ) is the ovemhed OVERAPPLIED or UNDERAPPLIED? Choose one of the underinod options (make sure it is writien corroctly) By how much is Overhead underapplied or overappled? (Dont use negative or posithe signs; aniwer in absclute terms) 5