?1.Compute a predetermined overhead rate.

2.Prepare schedules of cost of goods manufactured and cost of goods sold.

3.Compute underapplied or overapplied overhead cost to close the balance in Manufacturing Overhead to the appropriate accounts.

-PLEASE ANSWER HOW TO GET EACH HIGHLIGHTED YELLOW CELL. I HAVE TO ANSWER THEN WILL FORMULA SO CAN YOU PLEASE SHOW YOUR WORK.

-THANK YOU!

1

1 Stanford Enterprises uses job-order costing 2 The allocation base for overhead is direct labor hours 4 Data for the year just ended: 5 Estimated total manufacturing overhead cost 6 Estimated total direct labor hours 7 Actual total direct labor hours $ 275,000 25,000 27,760 9 Actual costs for the year: 10 Purchase of raw materials (all direct) 11 Direct labor cost 12 Manufacturing overhead costs 13 14 Inventories: 15 Raw materials (all direct) 16 Work in process 17Finished goods 18 19 Use the data to answer the following 20 21 1. Compute applied overhead and determine the amount of underapplied or overapplied overhead 22 Actual manufacturing overhead cost 23 Predetermined overhead rate 24 Actual direct labor hours $375,000 $536,300 S302,750 Beginning Ending $15,00011,375 $27,875 $ 22,350 $34,600 $ 26,450