Use the following to answer questions 1-4: The accounting records of Omar Company contained the following information for last year: Does not include over- or underapplied overhead. The amount of direct material purchased during the year was: Select one: a. $66,000 b. $70,000 c. $65,000 d. $74,000 Question 2 Not yet answered Points out of 1.00 Question 3 Not yet answered Points out of 1.00 Question 4 Not yet answered points out of 1.00 The total costs added to Work in Process during the year were: - Select one: a. $162,000 b. $176,000 c. $206,000 d. $182,000 If Omar Company applies overhead to jobs on the basis of direct labor hours and Job 3 took 120 hours, how much overhe applied to that job? Select one: a. $960 b. $360 c. $528 d. $288 The cost of goods manufactured for the year was: Select one: a. $135,000. b. $190,000 c. $162,000 d. $168,000 Under a job-order costing system, the dollar amount transferred from Work in Process to Finished Goods is the sum of the cost charged to all jobs: Select one: a. started in the process during the period. b. in process during the period. c. completed during the period. d. completed and sold during the period. Overapplied overhead means that: Select one: a. the estimated overhead cost was less than the actual overhead cost. b. the applied overhead cost was less than the actual overhead cost. c. the applied overhead cost was greater than the actual overhead cost. d. the estimated overhead cost was less than the applied overhead cost