PLEASE HELP QUICKLY AND EXPLAIN!

1. Gold Company computes its predetermined overhead rate on the basis of direct labor hours. Estimated direct labor hours at the beginning of the year are 70,000 and actual direct labor hours at the end of the year are 73,000. Estimated total manufacturing overhead costs at the beginning of the year are $910,000 and actual total manufacturing overhead costs at the end of the year are $955,000. The predetermined overhead rate for Gold Company would be:

$13.08 per direct labor hour

$13.64 per direct labor hour

$13 per direct labor hour

2

$12.47 per direct labor hour

2. Thomas Company uses a predetermined overhead rate of $32 per machine hour. Estimated machine hours at the beginning of the year were 14,000 and actual machine hours at the end of the year were 14,200. Estimated total manufacturing overhead costs at the beginning of the year are $448,000 and actual total manufacturing overhead costs at the end of the year are $456,000. What is the amount of manufacturing overhead that would have been applied to all jobs during the year?

		$448,000
		$454,400
		$449,577
		$456,000