81. Figure 4-6The Fast & Furious Company produces two products: toy planes and toy race cars. They use departmental overhead rates for the two production departments: molding and finishing. Molding uses machine hours to assign overhead and Finishing uses direct labor hours. 50,000 planes and 250,000 race cars are produced. Pleasefind the following data:MoldingFinishingTotalEstimated Overhead$250,000$100,000$350,000Actual Overhead$240,000$120,000$360,000Expected direct labor hoursplanes5,0005,00010,000race cars5,00035,00040,000Expected machine hoursplanes17,0003,00020,000race cars3,0007,00010,000Actual direct labor hoursplanes4,5005,30010,000race cars5,50034,50040,000Actual machine hoursplanes16,5003,50020,000race cars3,2006,80010,000Refer to Figure 4-6. How much was overhead over or underapplied?A. $14,250B. $10,000C. $ 4,250D. none of these
82. Motorsports, Inc. had a predetermined overhead rate of $2 per direct labor hour. The direct labor hours were estimated to be 25,000. The actual manufacturing overhead incurred was $47,000 and 24,000 actual direct laborhours were worked. How much was overhead over/under applied last year?
83. Tarot Company has a predetermined overhead rate of $6 per direct labor hour. Last year the company incurred $156,600 of actual manufacturing overhead cost and the account was $12,600 underapplied. How many direct labor hours were worked during the year?