1. Based upon the Excel assignment completed, what are possible causes for the difference between allocated and actual overhead?

\begin{tabular}{l|l|} \hline 32 & Schedule of Cost of Goods Manufactured \\ 33 & Direct materials: \\ 34 & Raw materials inventory, beginning \\ 35 & Add: Purchases of raw materials \\ 36 & Total raw materials available \\ \hline 37 & Deduct: Raw materials imventory, ending \\ 38 & Raw materials used in production \\ \hline 39 & Direct labor \\ \hline 40 & Manufacturing overhead applied to work in process \\ \hline 41 & Total manufacturing costs \\ \hline 42 & Add: Beginning work in process inventory \\ \hline 43 & \end{tabular} \begin{tabular}{|l|l|} 444 & Deduct: Ending work in process inventory \\ \hline 45 & Cost of goods manufactured \\ 46 & \\ 47 & 3. Prepare a schedule of cost of goods sold. \\ \hline 48 & \multicolumn{1}{|c|}{ Stanford Enterprises } \\ \hline 49 & Schedule of Cost of Goods Sold \\ 50 & \\ 51 & \\ 52 & Finished goods inventory, beginning \\ \hline 53 & Add: Cost of goods manufactured \\ \hline 54 & Cost of goods available for sale \\ 55 & Deduct: Finished goods inventory, ending \\ 56 & Unadjusted cost of goods sold \\ \hline 57 & Underapplied (overapplied) overhead \\ \hline 58 & Adjusted cost of goods sold \\ \hline \end{tabular}