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how do I solve for the proportion? The Ride-On-Wave Company (ROW) produces a ine of non-motorized boats. ROW uses a Invenlary balances on December 31,
how do I solve for the proportion?
The Ride-On-Wave Company (ROW) produces a ine of non-motorized boats. ROW uses a Invenlary balances on December 31, 2020 were as follows: normal-costing system and allocates manolacturing overhead using direct manufacturing fabor cost. The folowing data are for 2020 . III (Cick the icon to view the account baiances.) (Click the icon bo view the data.) Read the ceguirements: Requirement 1. Calculate the manufacturing overhead allocation rate. Identify the formula and calculale the manulachuring overhead alocation rale. (Einter the resuat at a whole numbec) Requirement 2. Compute the amount of unser- or everalocated manufacturing oveibead. Identify the formula and calculate the under- or manutacturing everaliccated everhead. (Uie parentheses or a minua tigh to ieport overhead overatocaled.) Requirement 3. Calouate the ending balances in work in proces, finished goods and cost of goods wok if under or overalocated mandacturing overhead is as folows. (a) wrinnn off ie cest of gosts sold, (b) prorated based on ending balances (belore peoration) in each of the three accourth, (c) prorated based on the ovenead alocated in 2020 in the ending balances (before prorasior bach of the three nocounta. (a) Calodate the ending balances in work in process, finithed goods and cont of goods sold if under- or everallocated manutacharing ovethead is writin off to cost of goods mold. 2) Begin by ldentifying the formula and calculating the adpustent to each account assuming under- or everalocaled manutacturing ovechead is proraled based on ending balances (cedore. coratiob) in each of the three accounts. (Use a minus sign or parentheses to show overallocaled amounts and adiuetminnts to be subtracted.). Now calculate the ending balancos in work in process, finished goods and cost of goods sold if under- or overalocaled manutachuring ovecheod is prorated based on ending balances (before proeation) in each of the three accounts. (Use a minut sign or parentheses to show adjustments to be subtracted.J. The Ride-On-Wave Company (ROW) produces a ine of non-motorized boats. ROW uses a Invenlary balances on December 31, 2020 were as follows: normal-costing system and allocates manolacturing overhead using direct manufacturing fabor cost. The folowing data are for 2020 . III (Cick the icon to view the account baiances.) (Click the icon bo view the data.) Read the ceguirements: Requirement 1. Calculate the manufacturing overhead allocation rate. Identify the formula and calculale the manulachuring overhead alocation rale. (Einter the resuat at a whole numbec) Requirement 2. Compute the amount of unser- or everalocated manufacturing oveibead. Identify the formula and calculate the under- or manutacturing everaliccated everhead. (Uie parentheses or a minua tigh to ieport overhead overatocaled.) Requirement 3. Calouate the ending balances in work in proces, finished goods and cost of goods wok if under or overalocated mandacturing overhead is as folows. (a) wrinnn off ie cest of gosts sold, (b) prorated based on ending balances (belore peoration) in each of the three accourth, (c) prorated based on the ovenead alocated in 2020 in the ending balances (before prorasior bach of the three nocounta. (a) Calodate the ending balances in work in process, finithed goods and cont of goods sold if under- or everallocated manutacharing ovethead is writin off to cost of goods mold. 2) Begin by ldentifying the formula and calculating the adpustent to each account assuming under- or everalocaled manutacturing ovechead is proraled based on ending balances (cedore. coratiob) in each of the three accounts. (Use a minus sign or parentheses to show overallocaled amounts and adiuetminnts to be subtracted.). Now calculate the ending balancos in work in process, finished goods and cost of goods sold if under- or overalocaled manutachuring ovecheod is prorated based on ending balances (before proeation) in each of the three accounts. (Use a minut sign or parentheses to show adjustments to be subtracted.J Step by Step Solution
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