Ghano Products operates a job-order costing system and applies crertead cost to jobs on the basis of direct matenats used in production (not on the basis of raw materials purchased) its predetermined overthead rate was based on a cost formula that estimated $132.000 of manufacturing overhesd for an estimated allocation base of $88,000 direct materal doflars to be used in production. The company has provided the following data for the just completed year: Aequired: 1 Compute the predetermined overtiead rate for the year 2 Compute the amount of underapplied or crerapplied oventead for the yea 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct motenais. 4. Compute the unadjusted cost of poods sold for the yea. Do not include any underapolved or overappled overheod in your antwer. 5 Assume thas the $36,000 ending balance in Work in Process includes $8,200 of direct materials. Given this astumption, supply the infarmation missing beiow. Complete this questioe by entaring yosur aeswers in the fatrs fe-tow. Computs the amount of underapiplied of overapplied overthead for the year. Complete this question by entering your answers in the tabs below. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct materials: campary has provided the following date for the just completed year: Required: 1. Compute the predetesmined overhead rate for the yeat. 2 Compute the amount of underapplied or overapplied overhead for the year. 3. Prepare a schedule of cort of goods manufactured for the year Assume sil raw materials are used in proctuction as direct materials. 4. Compute the unadjusted cost of goods sold for the year Do not incilide any underapplied or overapplied overhead in your answer. 5. Assume that the $36,000 ending balance in Work in Process inctudes $200 of direct materials. Given thes assumption, 5upply the information missing below: Complete this question by sintering your answars in the tabs bolow. Comgute the unadjusted cost of goods sold for the year. Do not indude aniy underapplied or overapplied cverhesd in your answer. Required: 1. Compute the predetermined overhead rate for the year. 2. Compute the amount of underapplied or overapplied overhead for the year. 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct materials 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer. 5 . Assume that the $36,000 ending balance in Work in Process includes $8,200 of direct materials. Given this assumption, supply the information missing below: Complete this question by entering your answers in the tabs below. Compute the predetermined overhead rate for the year. Required: 1. Compute the predetermined overhead rate for the year 2. Compute the amount of underapplied or overapplied overhead for the year: 3. Prepare a schedule of cost of goods manufactured for the yeor. Assume fir raw materials are used in production as direct materials 4. Compute the unadjusted cost of goods sold for the year Do not include iny underaoplied or overapplied oveiheod in your answer 5. Assume that the $36,000 ending balance in Work in Process includer $8,200 of direct materlals. Given this assumption, supply the information missing below: Completes this question by entering your answers in the tabs below. Assume that the \$16,000 ending balance in Work in Process induden $2,200 or direct materials. Civen this aseumption, topply the intormation misesing below: Required: 1. Compute the predetermined ovechead rate for the year. 2. Compute the amount of underapplied or overapplied overhead for the year 3. Prepare a schedule of cost of goods manufactured for the year. Assume aj raw materials are used in production as direct materials. 4. Compute the unadjusted cost of goods sold for the year, Do not include any underapplied or overapplied overhead in your answer. 5. Assume that the $36,000 ending balance in Work in Process nicludes $8.200 of direct materials. Given this assumption, supply the information missing below: Complete this question by entering your answers in the tobs below. Prepare a schedule of cost of goods manufactured for the year, Assurnut al aw materials are used in production as direct materials. Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of taw materals purchased) its predetermined overhead rate was based on a cost formula that estimated $132,000 of manulacturing overhesid for an estimated abocition base of $88,000 direct materiaf dollars to be used in production. The company has provided the following data for the just completed year Required: 1. Compute the predeternined overhead rate for the year. 2 Compute the amount of underapplied or overapplied overhead for the year 3. Prepare a schedule of cost of goods manufactured for the year. Assume il raw materials are used in production as direct materials. 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer. 5 . Assume that the $36,000 ending, balance in Work in Process inciudes $8,200 of direct materials. Given this assumption supply the information missing below: Complete this question by entering your answers in the tabs bolow. Compute the predotermined overhead rate for the yeur. Complete this question by entering your answers in the tabs below. Compute the unadjusted cost of goods sold for the year. Do not include any underapplie answer. Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materlals used in production (not on the basis of raw materials purchased) its predetermined overhead rate was based on a cost formula that estimated $132,000 of manufacturing overhead for an estimated allocation base of $88,000 direct material dollars to be used in production. The company has provided the following data for the just completed year Required: 1 Compute the predetermined overhead rate for the year. 2. Compute the amount of underapplied or overapplied overhead for the yeat. 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materiais are used in production as direct materials. 4 . Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer. 5 . Assume that the $36,000 ending balance in Work in Process includes $8,200 of direct materlals. Given this assumption, supply the information missing below Assume that the $36,000 ending balance in Work in Process includes $8,200 of direct materials. Giv supply the information missing below: Complete this question by entering your answers in the tabs below. Compute the amount of underapplied or overapplied overhead for the year
