O Microsoft Office Home M (no subject) - s127095@student. S ch01 Cost Concepts Garrison 21 =1764895&cmid=875183&page=D8 SQU E-LE SQU PORTAL ATTENDANCE خدمات التعلم الإلكتروني - الوقت المتبقی 1:40:07 A...

Extracted text: O Microsoft Office Home M (no subject) - s127095@student. S ch01 Cost Concepts Garrison 21 =1764895&cmid=875183&page=D8 SQU E-LE SQU PORTAL ATTENDANCE خدمات التعلم الإلكتروني - الوقت المتبقی 1:40:07 A Company uses job order costing and has chosen machine hours to allocate its manufacturing overhead. The company estimates that total machine hours to be operated next year are 800,000 hours. The estimated variable overhead is $5 per machine hour and the estimated fixed overhead :costs are $400,000. The predetermined overhead rate is $0.5 .a O $5.5 .b O $2.5 .c O $11 .d O None of the answers given .e O Which of the following is correct with respect to closing out underapplied manufacturing overhead to Cost of Goods Sold versus closing it out to Work-in-Process Inventory, Finished Goods Inventory, and ?Cost of Goods Sold The balance in the Work-in-Process account after allocation will be the same under either .a O .method Operating income will be higher if all of the underapplied overhead is closed out to Cost of .b O Goods Sold Cost of Goods Sold will be lower if the underapplied overhead is closed out by allocating it to .c O the inventory accounts as well as to Cost of Goods Sold The balance in the Work-in-Process account after allocation will be lower if the underapplied d O overhead is closed out by allocating it to all appropriate accounts None of given answer is correct