Qution 11 15) MM company uses traditional cost om, where applies maturing the competens.com rate. By the end of the year, the company records show the following Applied manufacturing overhead: SNOO 000 Actual manufacturing overhead: 5900,000 The company adopts proration method to adjust for under over applied overhead. You are given the following ending balance: Finished goods (FG) 200.000 Work in process (WIP) 80,000 Cost of goods sold (COGS) 220,000 The entry to adjust for the underapplied overhead will include: Correct answer is not provided. Credit FG 200,000 Debit COGS for 44,000 Debit: COGS 220,000, WIP 80,000 and FG 200,000 Question 72 10) XX Manufacturing is a small textile manufacturer using machine hours as the single indirect-courte to allocate mamafcturing overhead costs to the various jobs contracted during the year. XX has a total budgeted manufacturing overhead con for $50,000, atud expected 100.000 machine hours. The following details are provided for jobil11: Job Direct materials $2,400 Direct labor $600 Machine-hours used 1.200 machine hours What amount of manufacturing overhead costs will be allocated to this job? O $450 $500 $600 $1,250