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Option C is not the right answer Micro Enterprises planned to produce 120,000 lerts...

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Option C is not the right answer

Micro Enterprises planned to produce 120,000 lerts per year. Annual overhead, of which 32.5% is variable, is estimated at $320,400. Each lert takes 1.2 machine hours and 3 labor hours to produce. The firm allocates overhead by direct labor hours. In March, when 11,500 lerts were produced, 33,500 direct labor hours were recorded and expenditures on overhead amounted to $31,200. Which is true for this month? Multiple Choice Over-applied overhead is $495 O Under-applied overhead is $495 Under-applied overhead is $1,385 O Over-applied overhead is $1,385 None of the choices are correct

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