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Can you please in working these 2 questions thanks? The following cost data relate to the manufacturing activities of Crystal Corporation during the past year
Can you please in working these 2 questions thanks?
The following cost data relate to the manufacturing activities of Crystal Corporation during the past year Manufacturing overhead costs incurred: Indirect materials Indirect labour Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual costs incurred Other costs incurredi Purchases of raw materials (both direct and indirect) Direct labour cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 16,000 8,000 11,200 64,000 112,000 6,400 $217,600 $472,000 94,400 $ 12,000 22,000 38,000 68,000 The company uses a predetermined overhead rate to apply overhead cost to production. The rate for the year was $12 per machine- hour. A total of 20,000 machine-hours were recorded for the year. Required: 1. Compute the amount of under- or overapplied overhead cost for the year overhead cost 2. Prepare a schedule of cost of goods manufactured for the year. CRYSTAL CORPORATION Schedule of Cost of Goods Manufactured Direct materials Raw materials available for use Raw materials used in production Total manufacturing costs Total work in process Inventory Cost of goods manufactured
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