NA 12 conversion costs - direct labor+ direct material True False 13 59 Parker Company uses a job-order casting system and applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor costs. Parker estimated 12000 machine hours. Last year manufacturing overhead and direct labor costs were estimated at $150,000 and 20,000 respectively, for the year. In July, Jbb #461 was completed. Materials costs on the job totaled $14,000 and labor costs totaled $1,500 at $5 per hour. At the end of the year, it was determined that the company incurred $ 124.000 in direct labor costs for the year and incurred 5954.000 in actual manufacturing overhead costs. Calculate the predetermined overheadrate 12.50 70 none of the above No answer textOVO O none of the above No answer text provided. 0 14 59 Parker Company uses a job-order costing system and applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor costs. Parker estimated 12000 machine hours. Last year manufacturing overhead and direct labor costs were estimated at $150,000 and 20,000, respectively, for the year. In July, Job #461 was completed. Materials costs on the job totaled $14.000 and labor costs totaled $1.500 at $5 per hour. At the end of the year, it was determined that the company incurred $ 124,000 in direct labor costs for the year and incurred $954,000 in actual manufacturing overhead costs. How much overhead was applied 1550000 930000 none of the above No answer text provided 50 15 Comanes a lob-order costing system and applies manufacturing overhead to jobs using a