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In the current year, Nuck Chorris Enterprises has actual overhead costs of $210,000. It also had $10,000 in underapplied overhead. The amount of overhead the company applied during the year was: Select one: O $220,000 O $210,000 $190,000 O $200,000 O $10,000 ABC Company reports the following job costs: Job 1: $1,000 of direct materials + $2,200 of direct labor + $1,800 of overhead applied = $5,000 total job cost Job 2: $1,500 of direct materials + $2,500 of direct labor + $3,000 of overhead applied = $7,000 total job cost Job 3: $11,000 of direct materials + $4,000 of direct labor + $5,000 of overhead applied = $20,000 total job cost Job 4: $10,900 of direct materials + $1,200 of direct labor + $800 of overhead applied = $13,000 total job cost Job 5: $4,000 of direct materials + $5,000 of direct labor + $3,000 of overhead applied = $12,000 total job cost Jobs 2 and 3 have been sold. Jobs 1 and 4 are still in process. Job 5 is finished and waiting to be sold. How much should be reported for work in process inventory for ABC? Answer: Gee-Tar Manufacturers Inc. estimated its total manufacturing overhead costs to be $80,000 for the current year. It also estimates 20,000 of direct labor hours for the current year. If job number 555 incurred 2,000 of direct labor hours, how much overhead will be allocated to it? Select one: O $4,000. O $8,000 $0. O $2,000. O $12,000. O $10,000

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