Capilano University BFIN 244 - Managerial Accounting OLP 3-5 Touch Enterprises produces LCD touch screen products. The company reports the following information at December 31. Touch Enterprises began operations 11 months before on January 31 Work in Process Wages Manufacturing Finished Raw Materials Inventory Payable Overhead Goods Inventory 30,000 123,000 70,000 70,000 2,000 48,000 123,000 111,000 52,000 32,000 60,000 10,000 48,000 0 37,000 Required a. What is the cost of direct materials used? b. What is the cost of indirect materials used? c. What is the cost of direct labour? d. What is the cost of indirect labour? e . What is the cost of cost of goods manufactured? What is the cost of goods sold (before adjusting for any under or overallocated manufacturing overhead)? 9- . What is the actual manufacturing overhead? h. How much manufacturing overhead was allocated to jobs? 1 . What is the predetermined manufacturing overhead rate as a percentage of direct labour cost? j- Is manufacturing overhead underallocated or overallocated? By how much