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Question 14 (1 point) Barnes Company applies overhead on the basis of machine hours. Given...

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Question 14 (1 point) Barnes Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under- or overapplication of overhead for the period: Estimated annual overhead cost Actual annual overhead cost Estimated machine hours Actual machine hours $3,000,000 $2,970,000 300,000 295,000 1) $2,950,000 applied and $20,000 overapplied 2) $3,000,000 applied and $20,000 overapplied 3) $2,950,000 applied and $20,000 underapplied 4) $2.970,000 applied and neither under- nor overapplied Question 21 (1 point) Activity-based costing uses 1) one plantwide pool and a single cost driver. 2) departmental pools and a single cost driver. 3) numerous cost pools and numerous cost drivers. O4) one plantwide pool and numerous cost drivers

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