721000 Beyin 26.000 397.000 227.000 190,00 End 119.000 Finished Goods Inventory Begin 79,000 755.000 721,000 End 45.000 Manufacturing Overhead 40,000 119,000 190,000 70,000 70,000 What is the amount of Indirect Materials used in production during the period? 7 pts Question 31 If a company uses a predetermined overhead rate to apply overhead costs to production, a CREDIT balance in the Manufacturing Overhead account indicates that.. o-prior to any adjusting entries, not enough overhead has been recorded in Work in Process Inventory. Jess overhead cost has actually been incurred during the period than has been applied to production O prior to any adjusting entries, not enough overhead has been recorded in Finished Goods Inventory. o less overhead cost has been applied to production than has actually been incurred. ..prior to any adjusting entries, not enough overhead has been recorded in Cost of Goods Sold. 7 pts Question 32 . . Johnston Company has the following estimated costs for the next year. Direct Materials: $7,000 Direct Labor Expense: $101,000 Rent on factory building: $14,000 Sales salaries: $21,000 Depreciation on factory equipment: $10,000 Factory building utility expenses: $5,000 Indirect manufacturing materials: $17,000 Production supervisor's salary: $12,000 Johnston pays $5 per hour for direct labor. . . If manufacturing overhead is applied on the basis of direct labor hours, the predetermined overhead rate per direct labor hour will be which of the following