The following information has been gathered for the Harrell Manufacturing Company for its fiscal year ending December 31: Actual manufacturing overhead costs $ 227,500 Actual direct labor hours 56,400 Actual direct labor costs $ 460,000 Estimated manufacturing overhead costs $ 224,250 Estimated direct labor $ 449,000 Estimated direct labor hours 57,500 What is the predetermined manufacturing overhead rate per direct labor hour? Multiple Choice $4.03 $3.98 $3.90 $3.96 The Mallak Company produced three joint products at a joint cost of $138,000. Two of these products were processed further. Production and sales were: Product Weight Sales Additional Processing Costs P 319,000 pounds $ 278,250 $ 219,000 Q 119,000 pounds 49,000 0 R 119,000 pounds 217,750 119,000 What is the net income of Mallak Company if the estimated net realizable value method of joint cost allocation is used? Multiple Choice $69,000 $20,000 $207,000 $407,000