Book Signings, Inc. (BSI) schedules book signings for sciencefiction authors and creates e-books and books on CD to sell at eachsigning. BSI uses a normal costing system with two direct costs -materials and labor, and one indirect cost - general overhead.General overhead is allocated to each signing based on 80% of laborcost. Actual overhead equaled allocated overhead in March. Actualoverhead in April was $1,980. All costs incurred during theplanning stage for a signing and during the signing are gathered ina balance sheet account called "Signings in Progress" (SIP). When asigning is completed, the costs are transferred to an incomestatement account called "Cost of Completed Signings" (CCS).Following is cost information for April:

The following information relates to April:

As of April 1, there were three signings in progress:N.Asher, T. Bucknell, and S. Brown.Signings forS.KingandD. Shermanwere started during April. Thesignings forT. BucknellandS. Kingwerecompleted during April.

REQUIRED (MUST SHOW CALCULATIONS):

1. Show a table that shows the WIP beginning balance, April WIP transations and the WIP ending balance. Your table should shows each type of cost by author.

2.Show a table that shows the total amount by author of CCS for April

3.Calculateunder/overapplied overhead at the end of April.

4.Calculate theending balances in SIP and CCS if the under/overapplied overheadamount is disposed of as follows:

(a)Written off toCCS.

(b)Prorated based on theending balances (Materials, Labor and Overhead) in SIP and CCS.

(c)Prorated based on theoverhead allocated in April only in the ending balances of SIP andCCS.

5.Which of themethods in (4) would you choose? Why?