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Question 5 Ridley Company estimates that overhead costs for the next year will be $4,057,500 for indirect labor and $600,000 for factory utilities. The company

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Question 5 Ridley Company estimates that overhead costs for the next year will be $4,057,500 for indirect labor and $600,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 115,000 machine hours are planned for this next year, what is the company's plantwide overhead rate? O $.03 per machine hour. $35.28 per machine hour. O $40.50 per machine hour. $5.22 per machine hour. $0.19 per machine hour. Question 6 The following data relates to Lead Company's estimated amounts for next year. Department 1 Department 2 $1,383,000 $3,317,000 Estimated: Manufacturing overhead costs Direct hours Machine hours 660,000 DLH 101,000 MH 880,000 DLH 33,000 MH What is the company's plantwide overhead rate if direct labor hours are the allocation base? (Round to two decimal places) $3,05 per direct labor hour. $2.10 per direct labor hour. $3.77 per direct labor hour. $1.817 per direct labor hour. $3.63 per direct labor hour

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