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can you please review my work help me with the missing parts. part c and requirements 3 please (Click the icon to view the following
can you please review my work help me with the missing parts. part c and requirements 3 please
(Click the icon to view the following data.) Requirements 1. Compute the budgeted manufacturing overhead rate for 2020 . 2. Compute the under- or overallocated manufacturing overhead of Hazy Radiator in 2020 . Adjust for this amount using the following a. Write-off to Cost of Goods Sold b. Proration based on ending balances (before proration) in Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold c. Proration based on the overhead allocated in 2020 (before proration) in the ending balances of Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold 3. Which method do you prefer in requirement 2? Explain. ata table uirement 1. Compute the budgeted manufacturing overhead rate for 2020 . in by selecting the formula you will use. Then, enter the amounts and calculate the rate. requirement 2. Compute the under- or overallocated manufacturing overhead of Hazy Radiator in 2020. Begin by selecting the formula you will use. Next, enter the amounts in the formula and compute the under-or overallocated manufact when entering overallocated amounts.) winulust io t wils amount using a write-off to Cost of Goods Sold. Show the account balances after the write-off. a. Adjust for this amount using a write-off to Cost of Goods Sold. Show the account balances after the write-off. b. Adjust for the amount using a proration based on ending balances (before proration) in Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold. Begin by se formula to calculate the adjustment to each account. Then enter the amounts in the formula. (Enter the proportions as a decimal to three decimal places, "X. XXX". Use a minus sir parentheses to show overallocated amounts and adjustments to be subtracted.) ormula to calculate the adjustment to each account. I hen enter the amounts in the tormula. (Enter the proportions as a decimal to three decimal places, "X. XXX": Use a minus sign parentheses to show overallocated amounts and adjustments to be subtracted.) Now enter the account balances after the write-off. Account Balance c. Adjust for the amount using a proration based on the overhead allocated in 2020 (before proration) in the ending balances of Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold. Begin by selecting the formula to calculate the adjustment to each account. Then enter the amounts in the formula. (Enter the proportions as a decimal to three decimal c. Adjust for the amount using a proration based on the overhead allocated in 2020 (before proration) in the ending balances of Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold. Begin by selecting the formula to calculate the adjustment to each account. Then enter the amounts in the formula. (Enter the proportions as a decimal to three decimal places, "XXXX". Use a minus sign or parentheses to show overallocated amounts and adiustments th he suhtracteri) Now enter the account balances after the write-off. ment 2 ? Explain Alternative is theoretically preferred over This alternative velds the same ending balances in wook in process, finished goods. and cost of goods sold th been reported Now enter the account balances after the write-off. Account Balance Cost of Goods Finished Good had actual indirect cost rates been used Work-in-Proce: had budgeted indirect cost rates been used Requirement : had the over- understatement occurred in only the goods sold ame ending balances in work in process, finished goods, and cost of goods sold that would have been reported NextStep by Step Solution
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