QUESTION 6 ABC Manufacturing Company estimated its factory overhead to be $1,000,000. If ABC uses machine hours to apply factory overhead to product, and estimates that it will have 50,000 machine hours and 10,000 direct labor hours during the year, what is the predetermined factory overhead rate? $20 per machine hour O $100 per direct labor hour O $16.67 per machine hour None of the above. QUESTION 7 If the predetermined factory overhead rate is $25 per machine hour and ABC Company had 45.000 actual machine hours despite its estimate of 50,000 machine hours, how much factory overhead would be applied to product? O $1,250.000 O $1,187,500 51.000.000 51,125,000 QUESTION 8 1 ABC Company applied $1,100,000 of factory overhead to product during the year. If the actual factory overhead totaled $1,250,000, despite the beginning of year estimate of $1,000,000, factory overhead would be: $100,000 overapplied $100,000 underapplied $150.000 underapplied O $150,000 overapplied QUESTION 9 1 pc If ABC Company overapplied factory overhead to product during the year, and this amount was considered to be relatively small, what account would be adjusted to correct the overcosting? O raw material inventory inventory finished goods inventory work-in-process inventory O cost of goods sold