Question

juattoleE year Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories Raw materials, beginning Raw materlals, ending work in process, beginning Work in process, ending $ 16,6e8 146,eee 9,600 86,eee 252,700 11,6e0 $522,5e0 $ 416,000 $76,e00 $ 21,600 $ 31,6e0 $ 41.6ee $ 71.600 The company uses a predetermined overhead rate of $25 per machine-hour to apply overhead cost to Jobs A total of 21 300 machine- hours were used during the year Required: 1 Compute the amount of underapplled or verappiled overhead cost for the year 2 Prepare a schedule of cost of goods manufactured for the year Complete this question by entering your answers in the tabs below. d Required 2 Compute the amount of underapplied or overapplied overhead cost for the vear Overhead oost Requred 2 >

Answer 1

IS Calculation Un der apptical Ovohead for the yeav. Ovev applied 21300 Total Maehine 25 Pey ltoor Rate undin opplied over applieas ovevhaal Total actual manufoeternng CRateper lto u X Tolal Maeline Ovenheos co4 Underapplied or Oven appliee oVer hoaI 522 500-2Sx 21300) Oveer applied overhua Over appiies 522 S00 532 500 Over heal 0.000 1

echedule o Cos 00d& Manutaeturi ParticaloY Divect M ater t al 21600 Beginning Rau Materiae brotvonuT Lesso Todiy eet matertal CTncuded Puseuase) Add-Pureuase Raw materia 6000 16600 31600 Tavtory Direst Mateviak used Prodeetion CH2-3-4 389400 Dircct Labour Cost 16000 Ovevheal Manu eust Indineet Matoniao 16600 Todineet 106007 146000 Pro PONAY taces, toctmy foaony to dry Depreetadion fautmy Tnsovanee Over appfed overhaaI g6000 ufflltiep 252700 11600 0.000 Total 532 500 8. Totes Newnfaeturing CSt6+ Co34 997900 9. AdPP egianing Prgvess Invertory e Ending rget Tnventory worh - 41600 to 01000 11. Cost of Cood Maneu for th Year(it9-10) 967960 SHOT ON MI A2 MI DUAL CAMERA
1. Over applied overhead is 10,000

2. Schedule cost of goods manufacturer is 967900

In attached answer paper, details explained.