View Policies Current Attempt in Progress As of December 31, 2022, Coronado Industries had $5000 of raw materials inventory. At the beginning of 2022, there was $4000 of materials on hand. During the year, the company purchased $424000 of materials; however it paid for only $254000. How much inventory was requisitioned for use on jobs during 2022? O $423000 O $400000 O $398000 O $425000 Nash's Mfg. provided the following information from its accounting records for 2022 Expected production Actual production Estimated overhead. Actual overhead 40000 labor hours 50000 labor hours $800000 $870000 What is the overhead application rate if Nash's bases the rate on direct labor hours (rounded to the nearest cent) O $17.40 per hour O $16.00 per hour O $21.75 per hour O $20.00 per hour Current Attempt in Progress Concord Company provided the following information from its accounting records for 2022 Expected production 50000 direct labor hours Actual production 45000 direct labor hours Estimated overhead $1500000 Actual overhead $1840000 What is the predetermined overhead rate if Concord Company bases it on direct labor hours? O $30.00 per hour O $36.80 per hour O $40.89 per hour O $33.33 per hour