The next three questions use the following information regarding Woodruff Corporation.

Woodruff Corporation applies manufacturing overhead on the basis of machine-hours. Woodruff Corporation has provided the following data for its most recent year of operations.

Estimated Manufacturing Overhead	$357,000
Estimated machine-hours	8,500
Actual Manufacturing Overhead	$358,000
Actual machine-hours	8,560

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.

Refer to the above information for Woodruff Corporation. The predetermined overhead rate is closest to:

Group of answer choices

$42.12

$42.30

$41.82

$42.00

Refer to the above information for Woodruff Corporation. The applied manufacturing overhead for the year is closest to:

Group of answer choices

$359,520

$357,979

$360,547

$362,088

Refer to the above information for Woodruff Corporation. The overhead for the year was:

Group of answer choices

$1,520 underapplied

$1,520 overapplied

$2,520 overapplied

$2,520 underapplied