Exercise 4.13 (Know how to writeoff under or overapplied overheads.) 1. 2. $5,700,000i375,000 = $15.20 per machine hour $5,814,000 Applied overhead ($15.20 at 382,500) 5,730,000 Actual overhead $;a_4, Overapplied overhead Overhead Control 84,000 Cost of Goods Sold 84,000 Work-in-process inventory.... $ 576,000 (19.2%: $576,000($3,000,000) Finished goods inventory ...... 624,000 (20.8%: $624,000($3,000,000) Cost of goods sold................. 1,800,000 (60.0%: $1,800,000!$3,000,000] MM Overhead Control 84,000 Work-in-Process Inventory 16,128 (19.2% x $84,000} Finished Goods lnventory........ 17,472 (20.8% x $84,000} Cost of Goods Sold 50,400 (60.0% X $84,000}