Suomi Baka Corporation apples manufacturing overhead on the basis of direct labor hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $239,600 and 4770 estimated direct lobor.hours. Actual manufacturing overhead for the year amounted to $244,000 and actual direct labor-hours were 4,660 The predetermined overhead rate for the year was closest to: Multiple Choice 550.23 $52.36 0 $4907 O $5115 On November 1, Arvelo Corporation had $41,000 of raw materials on hand. During the month, the company purchased an additional $69.000 of raw materials. During November $77,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,800. Prepare journal entries to record these events. Use those journal entries to answer the following questions: The credits to the Raw Materials account for the month of November total: Multiple Choice $110.000 $77,000 o $69.000 540000 www.ch Connect Hely Save & Exit Su Crich Corporation uses direct labor hours in its predetermined overhead rote. At the beginning of the year, the estimated direct labor hours were 21,820 hours and the total estimated manufacturing overhead was $501.860. At the end of the yem, actual direct labor hours for the year were 21,550 hours and the actual manufacturing overhead for the year was $501,860 Overhead at the end of the year was Multiple Choice $5.210 underappled 56,260 underapelled $6,260 overapplied $6,210 overapplied aw Help Save & Exit Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $244,500 and 9.500 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $245,200 and actual direct labor-hours were 6,200. The applied manufacturing overhead for the year was closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $310,434 $245,210 $159,588 $160.022 Help Save & EX Submit Submit Estimated manufacturing overhead Estimated machine-hours Actual manufacturing overhead Actual machine-hours $157,500 4,590 $156,900 4,760 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. The predetermined overhead rate is closest to: Multiple Choice $3431 $3418 $32.95 $39.62 Prev 1 of 20 ! Next >