& The Bobkim Company uses a predetermined overhead rate of $4 per direet Iahor hour apply overhend During the year, 30,000 direct labor hours were worked. Actual overed costs for the year were $110,000, Bobkim's overhead variance would bet a. $2,500 Underapplied b $2,500 Overapplied $10,000 Underapplied d $10,000 Overapplied. ' 7. For the accounting period just ended, Abway Company's actual overhead costs equaled estimated overhead. Actual direct labor hours exceeded estimated direct labor hours used to caleulate the predetermined overhead rate. If overhead is applied using the predetermined overhoad rate, then overhead would be a. Overapplied b. Underapplied. c. $O. d. Cannot be determined from the information given. Use the following information to answer question 8 The following information is provided for the year: Actual overhead $225,000 25,000 20,000 $200,000 The budgeted overhead used to calculate the predetermined rate must have been Actual machine hours worked Budgeted machine houns Applied overhead a. $160,000. b. $250,000. c. $225,000. d. $200,000. Use the following information for question 9 The following information was extracted from the job-order cost sheet for Job 9574: Materials requisitioned Direct labor cost Direct labor hours $2,000 1,650 10 Budgeted overhead for the year was $35,000 based on 500 direct labor hours. Actual overhead was $35,800 and actual hours worked were 510