As consultants, we are hired to help the company track and report costs. The following Tableau Dashboard is provided to assist us in our analysis.

Indirect material: 5,000

Indirect labor: 7,000

Other overhead: 30,000

Factory Payroll: 57,000

Raw Materials Purchases: 40,000

Sales: 200,000

Inventories Raw Materials Work in Process Finished Goods $21,000 $18,000 $15,000 $12,000 $9,000 $6,000 $3,000 $0 November 30 December 31 November 30 December 31 November 30 December 31 Factory Overhead for December Sales, Materials, and Payroll for December Indirect materials Indirect labor Factory payroll Raw materials purchases Total Overhead $42,000 Sales Other overhead costs Predetermined Overhead Rate Predetermined overhead rate based on direct labor cost 70% tableau 8 1. Compute gross profit. (Do not consider any underapplied or overapplied overhead.) 2. Compute overapplied or underapplied overhead. 3. If overhead is underapplied, an adjusting journal entry is required to do which of the following: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute gross profit. (Do not consider any underapplied or overapplied overhead.) 1. Compute gross profit. (Do not consider any underapplied or overapplied overhead.) 2. Compute overapplied or underapplied overhead. 3. If overhead is underapplied, an adjusting journal entry is required to do which of the following: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute overapplied or underapplied overhead. 1. Compute gross profit. (Do not consider any underapplied or overapplied overhead.) 2. Compute overapplied or underapplied overhead. 3. If overhead is underapplied, an adjusting journal entry is required to do which of the following: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 If overhead is underapplied, an adjusting journal entry is required to do which of the following: If overhead is underapplied, an adjusting journal entry is required to do which of the following