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 94,500 February credits 339,000 February debits 312,000 Manufacturing Overhead February debits 411,600 Feb. 1 balance 34,800 February credits 409,050 Work in Process Inventory Feb. 1 balance 67,200 February credits 1,035,000 February debits: Direct material 285,000 Direct Labor 454,500 Man. overhead 409,050 Wages Payable February debits 580,500 Feb. 1 balance 135,000 February credits 531,000 Finished Goods Inventory Feb. 1 balance February debits 229,500 February credits 1,151,100 1,035,000 a. Determine the amount of indirect material requisitioned for production during February. $ 624,000 b. How much indirect labor cost was apparently incurred during February? $ 76,500 c. Calculate the manufacturing overhead rate based on direct labor cost. 90 % d. Was manufacturing overhead for February under- or overapplied, and by what amount? Manufacturing overhead was under-applied by $ 2,250 for February. e. Was manufacturing overhead for the first two months of the year under- or overapplied, and by what amount? Manufacturing overhead was over-applied by $ 32,550 f. What is the cost of production completed in February? $ 1,035,000 g. What is the cost of goods sold in February? $ 1,151,100 for the first two months.