sework Question 7 of 10 0.83/1 ITI View Policies Show Attempt History Current Attempt in Progress The following events occurred over the course of a year at Marigold Corp, which uses a job order costing system: 1. Direct materials purchases totaled $584,000. Marigold Corp tracks its direct materials separately from its indirect materials. Purchases were made on account. 2. $130,000 of indirect materials were used in production, Marigold uses a separate Supplies Inventory account for indirect materials. 3. $564,000 of direct materials were used in production 4. The direct labor payroll was $791.000 (credit Wages Payable). 5. Other manufacturing overhead costs incurred during the year totaled $687.000. 6. Marigold applies overhead based on a predetermined overhead rate of $22 per machine hour. The company used 51.000 machine hours during the year. . During the year, Marigold transferred goods costing $2,470.000 into the Finished Goods Inventory account. Marigold sold products with a manufacturing cost of $2,398,000 to customers during the year. O T 23 L C. (c) Your answer is partially correct. Was overhead under-or overapplied for the year? By how much? Overhead was Overapplied v bys 1092000 e Textbook and Media List of Accounts Attempts: un Save for Later