SHOW ALL WORK

3. Sawyer Company had the following information for the year:

Direct materials used	$190,000
Direct labor incurred (7,000 hours)	$245,000
Actual manufacturing overhead incurred	$273,000

Sawyer Company used a predetermined overhead rate using estimated overhead of $320,000 and 8,000 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods balance of $9,000. How much overhead was applied during the year? (1pt.)

A. $245,000

B. $273,000

C. $280,000

D. $320,000

4. Which of the following represents the cost of the jobs sold during the period? (1pt.)

A. Raw Materials Inventory

B. Work in Process Inventory

C. Finished Goods Inventory

D. Cost of Goods Sold