Use the following to answer questions 16-21: Markoff Corporation (30 PTS) Markoff Corporation has an expected monthly practical capacity of 9.000 units, which the company uses to determine overhead application rates Overhead is applied on the basis of direct labor hours. Due to a flood at the manufacturing facility, only 5,700 unts were produced during the month and 6,000 direct labor hours were used Actual variable overhead for the period was 549,000 and actual indirect fored manufacturing costs totaled $140,000. The following standard cost information is available: Direct materials $9.00 Direct labor 1 hour) 15 00 Variable overhead 8.00 Fred overhead 16.00 Total $4800 16. Budgeted FIXED overhead for the period is 17. The journal entry to apply variable overhead to production would be Dr Cr 18. ASSUME that the company uses a 3-way analysis for overhead Compute the SPENDING variance 19. In a 2-way overhead analysis the uncontrollable portion of overhead variance is: 20. TOTAL Overhead was mis-applied by how much for the period? indicate over or under-applied 21. If the company used NORMAL COSTING instead of standard costing, the amount of VARIABLE OVERHEAD applied to production would be