every answer must be written in formula mode

1 Stanford Enterprises uses job-order costing. 2 The allocation base for overhead is direct labor hours. 3 $ 275,000 25,000 27,760 10 4 Data for the year just ended: 5 Estimated total manufacturing overhead cost 6 Estimated total direct labor hours 7 Actual total direct labor hours 8 9 Actual costs for the year: Purchase of raw materials (all direct) 11 Direct labor cost 12 Manufacturing overhead costs 13 14 Inventories: 15 Raw materials (all direct) 16 Work in process 17 Finished goods 18 $375,000 $536,300 $302.750 Beginning $ 15,000 $ 27,875 $ 34,600 Ending $ 11,375 $ 22,350 $ 26,450 Print ferences 21 1. Compute applied overhead and determine the amount of underapplied or overapplied overhead: 22 Actual manufacturing overhead cost $ 302.750 23 Predetermined overhead rate $11.00 24 Actual direct labor hours 27.760 Manufacturing overhead applied 305,360 26 27 Underapplied (overapplied) manufacturing overhead 1122510) 25 29 2. Prepare a schedule of cost of goods manufactured: 30 31 Stanford Enterprises 32 Schedule of Cost of Goods Manufactured 33 Direct materials: 34 Raw materials inventory, beginning $ 15,000 35 Add: Purchases of raw materials 375,000 36 Total raw materials available $ 390,000 37 Deduct: Raw materials inventory, ending (11,375) 38 Raw materials used in production 39 Direct labor 40 Manufacturing overhead applied to work in process 41 Total manufacturing costs 42 Add: Beginning work in process inventory 43 44 Deduct: Ending work in process inventory 45 Cost of goods manufactured $ 378,625 536,300 =E12 27.875 47 3. Prepare a schedule of cost of goods sold. 48 49 Stanford Enterprises 50 Schedule of Cost of Goods Sold 51 52 Finished goods inventory, beginning 53 Add: Cost of goods manufactured 54 Cost of goods available for sale 55 Deduct: Finished goods inventory, ending 56 Unadjusted cost of goods sold 57 Underapplied (overapplied) overhead 58 Adjusted cost of goods sold 59 CA