A review of the records of Protix, Inc., a new company, disclosed the following year-end information:

• Manufacturing Overhead account: Contained debits of $884,000, which included $26,000 of sales commissions.
• Work-in-Process Inventory account: Contained charges for overhead of $893,000.
• Cost-of-Goods-Sold account: Contained a year-end debit balance of $3,710,000. This amount was computed prior to any year-end adjustment for under- or overapplied overhead. Pilgrim applies manufacturing overhead to production by using a predetermined rate of $20 per machine hour. Budgeted overhead for the period was anticipated to be $930,000.

Required:

1. Determine the actual manufacturing overhead for the year.

2. Determine the amount of manufacturing overhead applied to production.

3. Is overhead under- or overapplied? By how much?

4. Compute the adjusted cost-of-goods-sold figure that should be disclosed on the company's income statement.

5. How many machine hours did Protix actually work during the year?

6. Compute budgeted machine hours for the year.

Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Determine the actual manufacturing overhead for the year. Actual manufacturing overhead Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Determine the amount of manufacturing overhead applied to production. Amount of manufacturing overhead Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Is overhead under-or overapplied? By how much? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Compute the adjusted cost-of-goods-sold figure that should be disclosed on the company's income statement. Cost of goods sold, adjusted Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F How many machine hours did Protix actually work during the year? Actually work during the year hours Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Compute budgeted machine hours for the year. Budgeted machine hours