Tour: 15.000 machine hours and ove a. Calculate the predetermined overhead rate on the basis of machine hours. b. Calculate the amount of applied overhead if the company used 2.000 direct labor hours and 3,000 machine hours. D Question 3 10 Gotta Have It estimated this year's overhead at $200,000 and direct labor ar $125,000. Actual overhead for the year was $225,000 and actual direct labor was $135,000. Determine the amount of over- or under-applied overhead. Hint: Calculate the predetermined overhead rate and applied overhead furst. $9.00 0 underapplied $9.000 overapplied () $25,010 overapplied $25,000 underapplied D Question 4 10 pts My Company has a predetermined overhead rate of 150%% of direct labor cost. Estimated overhead for the period was $300,000. The actual cost for direct Labor was $225,000 and actual overhead was $335.000, How much overhead was applied? How much was over, or under-applied overhead? ( Applied $337 500 so overhead is overapplied by $37.500 WGoods Sold for $15.000. O Debit Cost of Goods Sold for $120,000 and credit Factory Overhead for $120,000, O None of the answers are correct. Debit Cost of Goods Sold for $15,000 and credit Factory Overhead for $15,000. Question 6 10 Bret's RV Manufacturing uses job order costing to account for it's manufacturing costs. The company estimates total manufacturing overhead costs for the coming year to be $282.783. The total direct materials costs are estimated to be $784.555. The total direct labor hours are estimated to be 67,670 hours with direct labor costs estimated at $541,365, What is the Predetermined Overhead rate If the company applies overhead based on direct labor hours? 0 36.04% O 23.93% 0 52.2436 0 418% 0 417.89% 10 put Question 7 In a job order cost accounting system, which journal entry would be made when raw materials are purchased on account for use in production at a later date? 140509 w O$540 March 8 $143 March 8 $???? O Overhead applied = $125.00 and Total Job costs - $808.00 O Overhead applied = $1787 and Total Job costs - $700.87 O Overhead applied = $675 00 and Total Job costs - $1,358 O Overhead applied = $861.75 and Total Job costs - $178.75 O Overhead applied = $178.75 and Total Job costs - $861.75 D Question 10 Which of the following costs are considered actual factory overhead and therefore would be debited to the factory overhead account when incurred? Depreciation on factory equipment O factory supervisory salaries All of the arewer are correct O Ind fect materials C Indirect labor No new data to Live. Last checked at 12:33pum