Question: Loriz Company uses a predetermined overhead rate based on Machine-hours to apply manufacturing overhead: On April 1st, estimated information is provided: Manufacturing overhead $25,000 Machine

Loriz Company uses a predetermined overhead rate based on Machine-hours to apply manufacturing overhead: On April 1st, estimated information is provided: Manufacturing overhead $25,000 Machine hours 12,500 During April, actual information is provided: Manufacturing overhead $20,000 Machine hours 11,000 The cost records for April will show: a. Overapplied manufacturing overhead of $2,000 b. Underapplied manufacturing overhead of $2,000 c. Overapplied manufacturing overhead of $5,000 d. Underapplied manufacturing overhead of $5,000

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