stion 24 yet [The following information applies to the questions displayed below. wered rked out of Riverview Company's budget for the coming year includes $6,000,000 for manufacturing overhead, 50,000 hours of direct labor, and 250,000 hours of machine time. Flag question If Riverview applies overhead using a predetermined rate based on labor- hours, what amount of overhead will be assigned to a unit of output which requires 0.5 machine hours and 0.25 labor hours to complete? Select one: O A. $30.00 O B. $20.00 O. C. $60.00 OD. $16.00 Question 25 [The following information applies to the questions displayed below.) Not yet answered Marked out of 1.00 Canfield Construction applies overhead to its projects at a rate of $65 per direct labor hour. Laborers are paid an average rate of $30 per hour. The Jefferson Apartments project was charged a total of $1,200,000 in direct materials and $450,000 in direct labor costs. Flag question The journal entry made by Canfield to record the sale of the Jefferson Apartments project to King Development Company for $5,250,000 would include: Select one: O A. A credit to Finished Goods Inventory of $975,000. O B. A debit to Finished Goods Inventory of $975,000. O C. A debit to Sales of $5,250,000. OD. A debit to Cost of Goods Sold of $2,625,000