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Heartfelt produces screens for use in various smartphones. The company reports the following information at December 31. Heartfelt began operations on January 31 earlier that

Heartfelt produces screens for use in various smartphones. The company reports the following information at December 31. Heartfelt began operations on January 31 earlier that same year. image text in transcribed
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More Info Work in Process Wages Payable Manufacturing Finished Goods Raw Materials Inventory 28,500 | 124,000 71,000 71,000 60,500 47,000 Overhead 7,000 47,000 124,000 112,500 53,000 35,500 10,500 Inventory Inventory Balance 0 43,000 i Requirements 1. What is the cost of direct materials used? 2. What is the cost of indirect materials used? 3. What is the cost of direct labor? 4. What is the cost of indirect labor? 5. What is the cost of goods manufactured? 6. What is the cost of goods sold (before adjusting for any under- or overallocated manufacturing overhead)? 7. What is the actual manufacturing overhead? 8. How much manufacturing overhead was allocated to jobs? 9. What is the predetermined manufacturing overhead rate as a percentage of direct labor cost? 10. Is manufacturin g overhead underallocated or overallocated? By how much

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