Stanley Burrell founder of a company named Hammer Time Inc. Hammer Time Inc produces specialty functional novelty hammers in the image of Stanley Burrell himself, aka MC Hammer. The three best-selling/most popular products sold by Hammer Time Inc. are Hammer Head Hammers, Hammer Pants Hammers, and Please Hammer Don't Hurt Em Mini Hammers. Hammer Time Inc. uses the actual total factory overhead costs from the prior year (corresponding month) to estimate the total factory overhead costs. They do this by taking last years actual costs (same month) and increasing them by 7%. The result is rounded to the nearest $100. Actual Total Factory Overhead costs March '18 = $2,490,210 For the month of March '19 for the production in the 2 Legit Warehouse Estimated Machine Hours 3,650 Hammer Head Hammers 1,400 machine hours Hammer Pants Hammers 975 machine hours Mini Hammers 1,625 machine hours Actual Total Factory Overhead costs March '19 = $2,828,000 What is the predetermined overhead rate? A. $622.55/machine hour B. $666.13/machine hour C. $682.25 / machine hour D. $730.00 machine hour QUESTION 2 If the predetermined factory overhead rate was applied to the three products in March (question #1) what would be the under/over applied factory overhead once the actual factory overhead cost was known? A. $92,000 overapplied B. $163,500 underapplied C. $163,500 overapplied D. $247,450 underapplied QUESTION 3 Using the data from (question #1) how much factory overhead would be applied to Hammer Pants Hammers? A $649,472 B. $665,194 C. $711,750 D.$755,425