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	50,400	February credits	180,800
February debits	166,400
Manufacturing Overhead
February debits	219,520	Feb. 1 balance	18,560
		February credits	218,160
Work in Process Inventory
Feb. 1 balance	35,840	February credits	552,000
February debits:
Direct material	152,000
Direct Labor	242,400
Man. overhead	218,160
Wages Payable
February debits	309,600	Feb. 1 balance	72,000
		February credits	283,200
Finished Goods Inventory
Feb. 1 balance	122,400	February credits	613,920
February debits	552,000

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