1. Prepare a schedule of cost of goods manufactured for the company

2.Compute the amount of over or under applied overhead for the year

3.Prepare a schedule of cost of good sold for the year. Assume that the company under-applied or ocer applied overhead is closed to cost of good sold.

Secure Home Fencing Sdn. Bhd. manufactures all types of security fencing with an extensive range of standard products, which can customise or custom make all of their products to meet their customer needs. The company uses a job order costing system and applies overhead cost to jobs on the basis of direct labor hours. At the beginning of the year, the company estimates that RM350,000 in manufacturing overhead cost at an activity level of 20,000 direct labor hours. For the year, the company made 180 units of customised security fence with the total sales of RM2,212,500. A total of 21.200 direct labor hours were used during the year. The following cost data relate to the manufacturing activity of Secure Home for the year Items RM Purchase of raw materials 93,000 Indirect materials 11,100 Direct labor cost 996,000 Indirect labor 105,000 Property taxes (factory) 42,000 Depreciation of factory equipment 80,000 Factory maintenance cost 16,000 Factory insurance Factory utilities 28,000 Sales salaries 42.000 Sales commissions 7.300 7.000 14,400 Advertising Depreciation of office equipment Administrative office salaries 25,200 45,600 Office utilities 26,400 Office supplies 9,100 Raw Materials: 01 July 2020 18,000 30 June 2021 41,200 Work in Process: 01 July 2020 8,600 30 June 2021 10,200 Finished Goods: 01 July 2020 12,100 30 June 2021 9,500