Mat Company's actual manufacturing overhead cost for the month ended March 31 was $78,000. The company's predetermined overhead rate was 50% of direct labor cost. Other information pertaining to Mat Company's inventories and production for the month of March is as follows:

Required:
a. Determine the amount of direct materials used during March.
b. Determine the under applied or over applied overhead for the month.
c. Determine the Cost of Goods Manufactured for themonth.

Transcribed Image Text:

Beginning inventories, March 1 $20,000 $40,000 $102,000 Purchases of direct materials during March$110,000 $160,000 Direct materials Work in proce Finished goods ss Direct labor cost Ending inventories, March 31 Direct materia.s Work in process $26,000 $36,000 $105,000 Finished goods