Question 4 x Your answer is incorrect. Try again. Sheffield Corp. applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under-or overapplication of overhead for the period: Estimated annual overhead cost Actual annual overhead cost Estimated machine hours $4300000 $4270000 200000 Actual machine hours 195000 $4192500 applied and $77500 underapplied $4270000 applied and neither under- nor overapplied O $4300000 applied and $77500 overapplied O $4192500 applied and $77500 overapplied Question 6 During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $5,100 on account, factory labor $7,500 of which $5,800 relates to factory wages payable and $1,700 relates to payroll taxes payable, and factory utilities payable $2,900. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 Raw Materials Inventory 5,100 5,100 Accounts Payable (To record purchase of raw materials on account) 31 Factory Labor (To record factory labor costs) 31 (To record entry for utilities payable) Question 7 In January, Dieker Company requisitions raw materials for production as follows: Job 1 $960, Job 2 $1,200, Job 3 $790, and general factory use $680. Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 Question 10 Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $290,030 for the year, and machine usage is estimated at 126,100 hours. For the year, $310,150 of overhead costs are incurred and 130,500 hours are used. (a) Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate per machine hour $