QUESTION 3 10 points Save Answer At the beginning of the current year, Oliver Corporation estimated that its manufacturing overhead would be $70,000 and the activity level would be 10,000 machine hours. The actual manufacturing overhead for the year was $63,300 and the actual level of activity was 10,100 machine hours. If the company bases its predetermined overhead rate on estimated machine hours, then its predetermined overhead rate would have been: a. $6.27 b. $7.00 $5.00 QUESTION 4 10 points Save Answer At the beginning of the current year, Oliver Corporation estimated that its manufacturing overhead would be $70,000 and the activity level would be 10,000 machine hours. The actual manufacturing overhead for the year was $63,300 and the actual level of activity was 10,100 machine hours. If the company bases its predetermined overhead rate on estimated machine hours, then its overhead for the year would have been: . $12,800 overapplied b. $12,800 underapplied 6 $7400 overapplied d. $7,400 underapplied 10 points Save Answer QUESTION 5 An activity that has a direct cause effect relationship with the resources consumed is an) a.cost pool b.cost driver. overhead rate d product activity