CAN YOU HELP ME TO ANSWER ALL OF THE QUESTIONS IN THIS FILE?

ACCT 327 TAKE-HOME QUIZ 1 The Clash Company uses NORMAL costing in its job-order cost system. At the end of 2015, the company had only one job in Finished Goods Control. This was Job 1, which had $91,400 of cost assigned to it during 2015 and consisted of 200 units ($457 per unit). In Work in Process Control at the end of 2015, the company also had only one job, Job 4, with $4,000 of cost charged to this job during 2015. The predetermined overhead rate for 2016 is based on direct labor cost. The estimated overhead cost for 2016 is $134,400, and the estimated direct labor cost for 2016 is $96,000. During 2016, the company charged the following direct costs to the jobs that were worked on during the year: Job 4 Direct materials cost $12,000 $10,000 Direct labor cost $20,000 Job 6 Job 8 $14,600 $16,000 Job 10 $22,000 $40,000 $24,000 Jobs 4, 6, and 8 were completed during 2016. There were 1,000 units on Job 4, 2,000 units on Job 6, and 5,000 units on Job 8. The actual overhead incurred during 2016 was $128,000. During 2016, the company sold 600 units from Job 4, all 2,000 units from Job 6, and 4,500 units from Job 8. 1. Compute the underallocated or overallocated for 2016 for the Clash Company. 2. Using the total balances in the appropriate accounts at the end of 2016, allocate (prorate) the underallocated or overallocated overhead to the appropriate accounts. When percentagizing, round your percentages to the nearest per cent, please. This is consistent with part 11 - B in the class example. 3. Using the most theoretically correct method, again allocate (prorate) the underallocated or overallocated overhead to the appropriate accounts. Again, when percentagizing, round your percentages to the nearest per cent, please. This is consistent with part 11 - C in the class example. 4. Using actual costing based on a time period of the whole year, compute the actual overhead rate for the year, and then compute the amount of actual overhead that would have been charged to Job 10 using actual costing. 5. Based on your work in question 2 using normal costing, how much overhead would be charged to Job 10 after the adjustment? Does this amount equal your overhead charged to Job 10 in question 4 using actual costing? Should it be equal? 6. Based on your work in question 3 using normal costing, how much overhead would be charged to Job 10 after the adjustment? Does this amount equal your overhead charged to Job 10 in question 4 using actual costing? Should it be equal? This quiz is due on Monday, February 27th, and is worth 10 points