Question 32 (3 points)

Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $440,000, and direct labor costs to be $2,200,000. Actual overhead costs for the year totaled $410,000, and actual direct labor costs totaled $1,900,000. At year-end, Factory Overhead is:

Question 32 options:

Neither overapplied nor underapplied. Overapplied by $205,000. Overapplied by $60,000. Underapplied by $30,000. Overapplied by $30,000.

Question 23 (3 points)

A company makes bikes from recycled metal. For a recent job lot of 200 bikes, the company incurred direct materials costs of $6,000 and direct labor costs of $2,000. Factory overhead applied to this job is $9,000. What is the total manufacturing cost of this job lot?

Question 23 options:

$11,000. $9,000. $15,000. $8,000. $17,000.