Control Enterprises produces touch screens for use in various smartphones. The company reports the following information at December 31. Control Enterprises began operations on January 31 earlier that same year.

Requirements
1. What is the cost of direct materials used?
2. What is the cost of indirect materials used?
3. What is the cost of direct labor?
4. What is the cost of indirect labor?
5. What is the cost of goods manufactured?
6. What is the cost of goods sold (before adjusting for any under- or overallocated manufacturing overhead)?
7. What is the actual manufacturing overhead?
8. How much manufacturing overhead was allocated to jobs?
9. What is the predetermined manufacturing overhead rate as a percentage of direct labor cost?
10. Is manufacturing overhead underallocated or overallocated? By howmuch?

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Wages Payable 78,000 78,000 Work in Process Manufacturing Inventory Overhcad 30,000 125,500 64,500 42,000 3,500 42,000 13,500 42,000 Balance 0 Finished Goods Inventory 125,500 114,000 Raw Materials Inventory 53,000 33,500