Hello, I am a little stuck, Im not sure what I am doing wrong can someone let me know:In part b, the boxes in white are wrong, and in part c, I need help too. Requirement 3. Which method is preferred in requirement 2? Explain. Alternative --------- is theoretically preferred over ----------. This alternative yields the same ending balances in Work-in-Process, Finished Goods, and Cost of Goods Sold that would have been reported -------------. Question: Heat Corporation manufactures precision equipment made to order for the semiconductor industry. Heat uses two manufacturing overhead cost pools-one for the overhead costs incurred in its highly automated Machining Department and another for overhead costs incurred in its labour-based Assembly Department. Heat uses a normal costing system. It allocates Machining Department overhead costs to jobs based on actual machine hours using a budgeted machine-hour overhead rate.

It allocates Assembly Department overhead costs to jobs based on actual direct manufacturing labour-hours using a budgeted direct manufacturing labour-hour rate. The following data are for the year:

Requirement 1. Compute the budgeted overhead rates for the year in the Machining and Assembly Departments. (Round your answers to the nearest whole dollar.) The budgeted overhead rate for the year in the Machining Department is $81.00. The budgeted overhead rate for the year in the Assembly Department is $55.00. Requirement 2. Compute the under- or overallocated overhead in each department for the year. Dispose of the under- or overallocated amount in each department using a. immediate write-off to Cost of Goods Sold; b. proration based on ending balances (before proration) in Cost of Goods Sold, Finished Goods, and Work-in-Process; and c. proration based on the allocated overhead amount (before proration) in the ending balances of Cost of Goods Sold, Finished Goods, and Work-in-Process. We will begin with a. immediate write-off to Cost of Goods Sold. The first step is to find the over- or underallocated amounts for each department. Begin by selecting the formula and then enter the amounts for the Machining Department. (Indicate an overallocated amount using parentheses or a minus sign.) Now, dispose of this amount using a write-off to Cost of Goods Sold for the Machining Department. Show the account balances after the write-off. (Use parentheses or a minus sign for any subtractions. Enter a "0" for any zero adjustments or balances.) b. Compute the under- or overallocated overhead in each department for the year. Dispose of the under- or overallocated amount in each department using proration based on ending balances (before proration) in Cost of Goods Sold, Finished Goods, and Work-in-Process. (When calculating the prorations, round the interim proration ratio to eight decimal places as needed. Use parentheses or a minus sign for any subtractions. Round your final answers to the nearest whole dollar.) overhead amount (before proration) in the ending balances of Cost of Goods Sold, Finished Goods, and Work-in-Process. Start with the Machining Department. (Round the proportion to eight decimal places as needed. Round all other amounts to the nearest whole dollar.) Data for the year Machine-hours and direct manufacturing labour-hours and the ending balances (before proration of underallocated overhead) are as follows: Requirement 1. Compute the budgeted overhead rates for the year in the Machining and Assembly Departments. (Round your answers to the nearest whole dollar.) The budgeted overhead rate for the year in the Machining Department is $81.00. The budgeted overhead rate for the year in the Assembly Department is $55.00. Requirement 2. Compute the under- or overallocated overhead in each department for the year. Dispose of the under- or overallocated amount in each department using a. immediate write-off to Cost of Goods Sold; b. proration based on ending balances (before proration) in Cost of Goods Sold, Finished Goods, and Work-in-Process; and c. proration based on the allocated overhead amount (before proration) in the ending balances of Cost of Goods Sold, Finished Goods, and Work-in-Process. We will begin with a. immediate write-off to Cost of Goods Sold. The first step is to find the over- or underallocated amounts for each department. Begin by selecting the formula and then enter the amounts for the Machining Department. (Indicate an overallocated amount using parentheses or a minus sign.) Now, dispose of this amount using a write-off to Cost of Goods Sold for the Machining Department. Show the account balances after the write-off. (Use parentheses or a minus sign for any subtractions. Enter a "0" for any zero adjustments or balances.) b. Compute the under- or overallocated overhead in each department for the year. Dispose of the under- or overallocated amount in each department using proration based on ending balances (before proration) in Cost of Goods Sold, Finished Goods, and Work-in-Process. (When calculating the prorations, round the interim proration ratio to eight decimal places as needed. Use parentheses or a minus sign for any subtractions. Round your final answers to the nearest whole dollar.) overhead amount (before proration) in the ending balances of Cost of Goods Sold, Finished Goods, and Work-in-Process. Start with the Machining Department. (Round the proportion to eight decimal places as needed. Round all other amounts to the nearest whole dollar.) Data for the year Machine-hours and direct manufacturing labour-hours and the ending balances (before proration of underallocated overhead) are as follows