Determine and Use Manufacturing Overhead Rate

The following selected ledger accounts of the Lakewood Manufacturing Company are for May $($the fifth month of its accounting year$)$:

Material Inventory

May $1$ balance $112,000$ May credits $420,000$

May debits $350,000$

Factory Overhead

May debits $448,000$ May $1$ balance $39,200$

May credits $403,200$

Work in Process Inventory

May $1$ balance $78,400$ May credits $1,232,000$

May debits:

Direct material $361,200$

Direct labor $504,000$

Man. overhead $403,200$

Factory Payroll Payable

May debits $638,400$ May $1$ balance $140,000$

May credits $548,800$

Finished Goods Inventory

May $1$ balance $285,600$ May credits $1,428,000$

May debits $1,232,000$

a$.$ Determine the amount of indirect material requisitioned for production during May.

$Answer

$0$

b$.$ How much indirect labor cost was apparently incurred during May?

$Answer

$0$

c$.$ Calculate the manufacturing overhead rate based on direct labor cost.

Answer

$0$

$\%$

d$.$ Was manufacturing overhead for May under$-$ or over$-$applied, and by what amount?

Manufacturing overhead was Answer

by $Answer

$0$

for May.

e$.$ Was manufacturing overhead for the first five months of the year under$-$ or over$-$applied, and by what amount?

Manufacturing overhead was Answer

by $Answer

$0$

for the first five months.

f$.$ What is the cost of production completed in May?

$Answer

$0$

g$.$ What is the cost of goods sold in May?

$Answer

$0$