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Company XYZ uses direct labor hours to allocate its manufacturing overhead. Manufacturing overhead was estimated...

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Accounting

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Company XYZ uses direct labor hours to allocate its manufacturing overhead. Manufacturing overhead was estimated to be $430,000 for the year. Actual manufacturing overhead was $415,000 and actual labor hours were 22,000. The estimated direct labor hours for the year was 20,000. The amount of manufacturing overhead applied to :production would be: Select one a. $473,000 X b. $430,000 c. None of the answers given d. $390,909 e. $484,000 Which of the following is included in gross private domestic investment? I. The purchase of new capital goods II. An increase in business inventories Select one: a. I only b. ll only c. Both I and II d. Neither I nor 11

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