There are two acceptable methods for closing out any balance of underapplied or overapplied manufacturing overhead. One method involves allocation of the balance among several accounts, whereas the other closes any balance directly to: A. Finished Goods inventory. B. Cost of Goods Sold. C. Cost of Goods Manufactured. D. Work in Process inventory. Buker Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: The predetermined overhead rate for the recently completed year was closest to: A. $22.04 B. $29.59 C. $7.67 D. $29.71 Job 593 was recently completed. The following data have been recorded on its job cost sheet: The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $14 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 593 would be: A. $6, 705 B. $3, 219 C. $5, 249 D. $4, 255