Tribute Company has the following estimated costs for next year: The company estimates that 16,000 direct labor and 106,000 machine hours will be worked during the year. If overhead is applied on the basis of direct labor hours, the predetermined overhead rate per direct labor hour will be: Select one: a. $13.88. b. $7.00. c. $15.26. d. $17.12. Year-end balances of selected accounts: The overapplied balance in the Manufacturing Overhead account is considered to be a material dollar amount. Material amounts of overapplied Manufacturing Overhead are apportioned among the Work in Process, Finished Goods, and Cost of Goods Sold accounts. How much of the overapplied balance should be apportioned (credited) to the Finished Goods Inventory account? Select one: a. 2.5% b. 5.6% c. 4.8% d. 2.9% Clear my choice