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Any boxes already filled in are correct (ignore the red triangles). I just need the answers to the empty boxes. thank you for your help!!
Any boxes already filled in are correct (ignore the red triangles). I just need the answers to the empty boxes. thank you for your help!! I will give like/thumbs up for correct answer!
The Row - On - Water Company (ROW) produces a line of non-motorized boats. ROW uses a normal-costing system and allocates manufacturing overhead using direct manufacturing labor cost. The following data are for 2017: (Click the icon to view the data.) ending balances (before proration) in each of the three accounts. (Use a minus sign or parentheses to show overallocated amounts and adjustments to be subtracted.) \begin{tabular}{ll|} (c.) & \multicolumn{1}{c|}{ Ending Balance (original) } \\ WIP & \\ FG & \\ CGS & \end{tabular} accounts. (Use a minus sign or parentheses to show adjustments to be subtracted.) direct labor dollars given in the question. (Use a minus sign or parentheses to show overallocated amounts and adjustments to be subtracted.) Data table Inventory balances on December 31, 2017 were as follows: (Click the icon to view the account balances.) ending balances (before proration) in each of the three accounts, (c) prorated based on the overhead allocated in 2017 in the ending balances (before proration) in each of the three accounts. (a.) Calculate the ending balances in work in process, finished goods and cost of goods sold if under- or overallocated manufacturing overhead is written off to cost of goods sold. Data table Requirement 1. Calculate the manufacturing overhead allocation rate. Identify the formula and calculate the manufacturing overhead allocation rate. (Enter the result as a whole number.) Requirement 2. Compute the amount of under- or overallocated manufacturing overhead. Identify the formula and calculate the under- or manufacturing overallocated overhead. (Use parentheses or a minus sign to report overhead overallocated.) accounts. (Use a minus sign or parentheses to show overallocated amounts and adjustments to be subtracted.)Step by Step Solution
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