XYZ Manufacturing uses a predetermined overhead rate, based on labor hours, to apply its MOH. The following informa was taken from the cost records of the company. Total Estimated Manufacturing Overhead $3,240,000 Actual Direct labor hours- --80,000 Actual Manufacturing Overhead incurred -$3,200,000 Estimated Direct labor hours- 90,000 The predetermined overhead rate when computed would be : A) $36.00 OB) 540.50 C335.50 D) $40,00 XYZ Manufacturing uses a predetermined overhead rate, based on labor hours, to apply its MOH. The following information was taken from the cost records of the company. Total Estimated Manufacturing Overhead $3,240,000 Actual Direct labor hours -80,000 Actual Manufacturing Overhead incurred $3,200,000 Estimated Direct labor hours- 90,000 The MOH Overapplied or Underapplied would be: A) Underapplied, $320,000 B) Overapplied, $320,000 OC) Overapplied, $360,000 D) Underapplied, $360,000 XYZ Manufacturing uses a predetermined overhead rate, based on labor hours, to apply its MOH. The following Information was taken from the cost records of the company. Total Estimated Manufacturing Overhead $3,240,000 Actual Direct labor hours -80,000 Actual Manufacturing Overhead incurred -$3,200,000 Estimated Direct labor hours 90,000 Assume that the following account balances exist: WIP $500,000 Finished Goods 800,000 Cost of Goods Sold 700,000 To write-off or dispose of the over/under allocation of MOH by using the account balance method would include A) Debit to cost of goods sold, $320,000 B) Debit to WIP, $80,000 and cost of goods sold, $112.000 C) Credit to WIP, $80,000 and cost of goods sold, $112.000 Estimated Direct labor hours 90,000 Assume that the following account balances exist: WIP $500,000 Finished Goods 800,000 Cost of Goods Sold 700,000 To write-off or dispose of the over/under allocation of MOH by using the account balance method would indude A) Debit to cost of goods sold, $320,000 B) Debit to WIP, $80,000 and cost of goods sold, $112,000 O ) Credit to WIP, $80,000 and cost of goods sold, $112,000 D) Debit, MOH, $320,000; Credit, Cost of Goods Sold, $320,000