Gossard Corp, manufactures crystal paperweights and applies overhead using a predetermined overhead rate based on machine hours. The following information is available from the company's records: When preparing the budget at the beginning of the year, the company made the following estimates for the upcoming year: DATA Est MOH overhead cost S 560.000 Est direct labor hours produce 500,000 units 8.000 DLH Est machine hours to produce 500,000 est 16,000 MH Produced during month of September. ACCOUNT Beginning Raw Matenals Inventory Ending Raw Materials Inventory Direct Labor Total ACTUAL Manufacturing Overhead Expenses Raw Material Purchases Indirect Materials Indirect Labor Beginning WIP Ending WIP ACTUAL Direct Labor Hours (DLH) worked ACTUAL Machine Hours Used 50.000 units AMOUNT 4.600 2,500 30.000 50,500 70,500 10,000 15,000 5,000 7,000 1.000 DLH 1800 MH Est MOH overhead cost Est direct labor hours produce 500,000 units Est machine hours to produce 500,000 est S 560.000 8.DOO DLH 16,000 MH Produced during month of September ACCOUNT Beginning Raw Materials Inventory Ending Raw Materials Inventory Direct Labor Total ACTUAL Manufacturing Overhead Expenses Raw Material Purchases Indirect Materials Indirect Labor Beginning WIP Ending WIP ACTUAL Direct Labor Hours (DLH) worked ACTUAL Machine Hours Used 50.000 units AMOUNT 4.600 2.500 30.000 50.500 70.500 10.000 15.000 5.000 7.000 1.000 DLH 1500 MH 1) Calculate predetermined overhead 2) How much MOH was applied during month? 3) Was overhead over or underapplied and by how much? 4) Prepare a Cost of Goods Manufactured Schedule using the given data. for the toolbar, press ALTF10 (PC) or ALT-FN*F10 (Mac) B IV S Paragraph Arial 14px HI! xx, 8 BT To Click Save and Submit to save and submit. Click Save All Answers to save all answers