The Coca-Cola Company producing bottles of Sprite is more likely to use which type of costing system? Job Order Costing Process Costing Cobalt Corp. has a Predetermined Overhead Application Rate of $4.50 per direct labor dollar incurred. Estimated Manufacturing Overhead Cost is $545. If the actual number of hours worked is 10 and the wage rate is $15, what is the Manufacturing Overhead Cost applied to jobs this period? $675 --$6150 = $545 '-$150 = $450 Which of the following is [are] required to calculate the predetermined manufacturing overhead rate? Estimated Allocation Base/ Cost Driver None of the factors listed are required Estimated Variable MOH Estimated Fixed MOH All 3 factors listed are required Which of the following entities will likely use job-order costing? 1. Wedding Dress Designer 2. Corn Producer 3. Interior Designer 2 & 3 1 & 3 None of these 1, 2, & 3 1&2 Activity-based costing differs from plantwide predetermined overhead rate in which of the following ways? SELECT ALL-THAT-APPLY [note that wrong answers would be true of both costing systems] H Premium products that consume more MOH resources are likely allocated more MOH costs in Activity Based Costing compared to standard products H Multiple allocation bases are used H Estimates are used to create rates H The process involves ratels) being applied to actual activity Chorio's Inc. computes its plant-wide, predetermined overhead rate annually based on direct labor-hours. For Year 1, Chorio estimated that 51,000 direct labor-hours would be required for the period's expected level of production. The company also estimated $5,551,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.07 per direct labor-hour. Chorio's actual manufacturing overhead cost for the year was $5,747,362, and its actual total direct labor was 41,300 hours. Calculate the predetermined OH rate for Chorio's Year 1. Enter your answer as dollars per DLH, 2 d.p.Chorio's has computed its Year 2 predictions and has settled on a predetermined overhead application rate of $121.38 per DLH. At the end of this period. actual manufacturing overhead cost for the year was $5,747,362 and its actual total direct labor was 44,000 hours. What is the manufacturing overhead applied for this period? Round your answer to the nearest whole dollar. At Marlin's biscuit factory, manufacturing overhead is applied based on direct labor cost. At the beginning of 2019. Marlin's cost accountant estimated the following information for the year: Total DM Costs $800,000 Direct Labor Hours 48,000 hours Cost per DLH $14/hour Total Machine Hours 3,150 hours Total MOH Costs $622,000 At the end of 2019, the cost accountant noted that actual direct labor hours were 59,000, actual machine hours were 3,520, and the actual labor rate was $18.14. How much manufacturing overhead was applied? Round your answer to 2 d.p. Tomcat Inc. makes drones. It has two manufacturing departments - processing and finishing. The predetermined manufacturing overhead rate is 72% of the direct materials cost for processing and $25 per machine hour for finishing. Cost per machine hour equals $4.70. The accountant has the following information available for a particular job: Processing Finishing Machine Hours 392 230 Direct Materials Cost $501 $460 What is the total manufacturing overhead applied to this job? Round your answer to 2 d.p.Hayday Enterprises applies manufacturing overhead on the basis of machine-hours. At the beginning of 2019, the cost accountant estimated the following cost information for the year: Total DM Costs $440,000 Total DL Costs $890,000 Total MOH Costs $730,000 Total Machine Hours 2,000 Total DL Hours 90,000 At the end of 2019, Hayday Enterprises' cost accountant noted that the company used 2,500 machine hours and actual MOH was $940,000. Was manufacturing overhead under-applied or over-applied and by how much? Provide over-application as a positive number, and under-application as a negative.Scorpio makes premium bikes using two departments, assembly and painting. Assembly estimates using 842.000 machine hours and painting uses 44.000 machine hours. Fixed manufacturing overhead costs are estimated to be $9,000,000 for assembly and $792,000 for painting. Variable manufacturing overhead per machine hour is $11.5 in both departments. Machine hours are used as the allocation base fora plantwide predetermined manufacturing overhead application rate. A bike dealership shop places an order for 20 bi kes. The order requires 1,072 machine hours in assembly and 106 machine hours in painting. The job also requires $54,000 of direct materials and $108,000 of direct labor. What is the unit product cost [per bike] for thejob when Scorpio uses a plantwide approach to calculating its predetermined manufacturing overhead application rate? Round your answer to 2 d.p. Do not round intermediary calculations