Question 1 20 pts George's Chemicals allocates overhead based on machine hours. Selected data for the most recent year follow. $243, 064 Actual manufacturing overhead cost Predetermined overhead rate per machine hour Actual machine hours $11.77 23,200 A. Overhead was neither over allocated nor under allocated. B. Overhead was over allocated by $30,000. C. Overhead was under allocated by $30,000. D. Overhead was over allocated by $37,664. E. Overhead was under allocated by $37,664. Question 2 20 pts Items are considered direct when? A. They must be averaged. B. They must be allocated. C. They must be applied. D. They can be traced. E. None of the above