Donna Corporation manufactures custom cabinets for kitchens. It uses a normal costing system with two direct cost categoriesdirect materials and direct manufacturing laborand one indirect-cost pool, manufacturing overhead costs. It provides the following information about manufacturing overhead costs for 2017.

Find proration amount and balances after proration.

T14-4 (book/static) Data Table Donna Corporation manufactures custom cabinets for kitchens. It uses a normal costing system with two direct cost categoriesdirect materials and direct manufacturing labor and one indirect-cost pool, manufacturing overhead costs. It provides the following information about manufacturing overhead costs for 2017. (Click the icon to view the manufacturing overtread cost information for 2017.) Account Balance (Before Proration) Manufacturing Overhead in Each Account Balance Allocated in the Current Year (Before Proration) Account S 14.400 Work in process control Finished goods control S S 40.000 60.000 1,900,000 $ $ $ Begin by calculating the budgeted indirect cost rate. Identify the formula and then calculate the rate. (Assume the cost allocation base is direct Budgeted manufacturing overhead costs / Budgeted labor hours = Budgeted indirect cost rate $ 960,000 1 = $ 30 24,000 921,800 Cost of goods sold 32,000 S 2,000,000 $ 960,000 The manufacturing overhead allocated during the year is $ $ 930,000 Print Done Identify the formula and calculate the underallocated or overallocated manufacturing overhead. (Use parentheses or a minus sign to report ove Underallocated (overallocated) Actual indirect costs incurred Indirect costs allocated indirect costs $ 992,000 930,000 $ 62,000 Data Tablo Finally, prorate the underallocated or overallocated manufacturing overhead to Work-in-Process Control, Finished Goods Control, and Cost of decimal point, X.X%. Abbreviations used: MOH = manufacturing overhead) using nom S 960,000 Budgeted manufacturing overhead costs Budgeted direct manufacturing labor hours Actual manufacturing overhead costs Actual direct manufacturing labor-hours S 32,000 hours 992,000 31,000 hours Account Account Balance (Before Proration) $ 40,000 S 60,000 $ 1,900,000 Manufacturing Overhead In Each MOH Account Account Balance Allocated in the as a Percent Proration as a Percent Proration Balance (After) ) Current Year (Before Proration) of Total Amount Proration) $ 14.400 1.5 % $ 24.000 2.5 % $ 921,600 96.0 % Work-in-process control Print Done Finished goods control Cost of goods sold $ 2,000,000 $ 960,000 100.0 %