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Cost accounting help please Question 4) In custom cabinets had total revenue of $2,446,545, cost goods sold of of the past administrative expenses of s666,666

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Question 4) In custom cabinets had total revenue of $2,446,545, cost goods sold of of the past administrative expenses of s666,666 year, si 458,045 (before adjustment for over- or selling the overhead was applied using a predetermined rate of 45.6 percent of expenses of S245,007. During year, overhead was SA56,654. ending balances in direct labor cost. Actual direct labor was Actual overhead) are the inventory accounts (prior to adjustment for over. or under-applied Raw Materials Inventory s 55, 38,831 Work in Process Inventory 1 96,013 Finished Goods Inventory Required round out to decimalplaces when doing prorate %'s no decimal places for dollar amounts 1) What are the balances in RM, wIP, FG, & COGS if we the over- or under-applied overhead is assume immaterial? 2) What are the balances in RM, wIP, FG, & coGs if we assume the over- or under-applied overhead is material? 3) Assume that of the s828,000 of actual direct labor, the following was in the ending balances of the related accounts: Raw Materials $0: WIP $101,101; & FG $39,574. What are the balances in RM, WIP, FG, & COGS if we assume the over- or under-applied overhead is material and prorated based on overhead allocated duri the year? 4) Calculate operating income (or loss) under each of the three scenarios above (show a mini income statement for each)

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