Question: 1. Overhead is applied based on machine hours at G Corporation. Factory overhead for the year was budgeted at $78,750. Direct labor hours were budgeted

1. Overhead is applied based on machine hours at G Corporation. Factory overhead for the year was budgeted at $78,750. Direct labor hours were budgeted at 9,000. Machine hours were budgeted at 22,500. Actual overhead for the year was $72,000. What was the companys overhead application rate?

A. $8.75 per labor hour B. $8.00 per labor hour C. $3.50 per machine hour D. $3.20 per machine hour

2. The cost to manufacture units by U Company last period was $34,500 for direct materials and $42,000 for direct labor and $12,750 for indirect labor and $2,250 for indirect materials and $1,725 for factory utilities and $525 for insurance on manufacturing equipment. How much was U Companys overhead for the period?

A. $37,275 B. $24,750 C. $15,000 D. $44,250 E. $17,250

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