Determine and Use Overhead Rate

The following selected ledger accounts of Cameron Company are for February (the second month of its accounting year):

Materials Inventory
Feb. 1 balance	81,900	February credits	293,800
February debits	270,400
Manufacturing Overhead
February debits	356,720	Feb. 1 balance	30,160
		February credits	354,510
Work in Process Inventory
Feb. 1 balance	58,240	February credits	897,000
February debits:
Direct material	274,000
Direct Labor	393,900
Man. overhead	354,510
Wages Payable
February debits	503,100	Feb. 1 balance	117,000
		February credits	460,200
Finished Goods Inventory
Feb. 1 balance	198,900	February credits	997,620
February debits	897,000

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

$Answer

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

$Answer

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

Answer%

d. Was manufacturing overhead for February under- or overapplied, and by what amount?

Manufacturing overhead was Answerover-appliedunder-applied by $Answer for February.

e. Was manufacturing overhead for the first two months of the year under- or overapplied, and by what amount?

Manufacturing overhead was Answerover-appliedunder-applied by $Answer for the first two months.

f. What is the cost of production completed in February?

$Answer

g. What is the cost of goods sold in February?

$Answer

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