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1S. Sridhar, adapted) Neechan Company uses normal costing in its job-costing system. Partially cocipleted T.accounts and additional information for Needham for 2011 are as follows:

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1S. Sridhar, adapted) Neechan Company uses normal costing in its job-costing system. Partially cocipleted T.accounts and additional information for Needham for 2011 are as follows: 540,090ManufactariegOverheadCoatrolManufactaringDverheadAllocatedCostalGoodsSold Additional inf srmation follows: a. Direct manulacturing labor wage fate was 515 per hour. b. Manufacturing overhead was allocated at $20 per direct manuf acturing labor-hour. c. During the year, sales revenves were $1,090,000, and marketing and distribution costs were $149,000. 1. What was the amount of direct materials isseed to prodection during 2011 ? 2. What was the amount of manufacturing overhead allocated to jobs dueing 2011? 1. What was the total cost of jobs completed during 20117 4. What was the balance of work-in-process inventory on December 31, 2011? 5. What was the cost of goods sold before proration of under or overallocated onthead? 6. What was the undef- or overallacated manulacturing overhead in 2011 ? 7. Despose of the under ce overallocated manufacturing overhead using the following: a. Whise oll to Cost of foods Sold b. Procation based on ending balances (belore proration) in Work-all.Process Control, Finished Goods Control, and Cost of Goods Sold 8. Using eech of the spproaches in requirement 7, calculate Nesdham's operating income for 2011. 9. Which approach in requirement 7 de you recommend Needham use? Explain your answer briefly

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