I) [a B ezto.mheducation.corn O (9 Course: CIS-110-Osl4 ZOZZSP - Introduction to Computers m Question 3 - Chapter 3 - Homework - Connect u Course Hero Chapter 3 - Homework 0 Saved Help Save & Exit Submit 3 Gitano Products operates ajoborder costing system and applies overhead cost tojobs on the basis of direct materials used in production (noton the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $126,000 of manufacturing overhead for an estimated allocation base of $84,000 direct material dollars to be used in production. The 5 company has provided the following data for thejust completed year: points Purchase of raw materials $ 139,000 Direct labor cost $ 80,000 eBook Manufacturing overhead costs: Indirect labor $ 142,700 Prim Property taxes $ 8,700 Depreciation of equipment $ 17,000 References Maintenance $ 16,000 Insurance 3; 8,700 Rent, building $ 37,000 Beginning Ending Raw Materials $ 25,000 $ 13,000 Work in Process $ 48,000 $ 35,000 Finished Goods $ 68,000 $ 58,000 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 $35,000 ending balance in Work in Process includes $8,600 of direct materials. Given this assumption, supply the information missing below: Complete this question by entering your answers In the tabs below. MC Graw ( Prev Hill Next ) I) E] Beztomheducationsom O (9 1 + a @ Course: CIS-110-Osl4 ZOZZSP - Introduction to Computers m Question 3 - Chapter 3 - Homework Connect u Course Hero Chapter 3 - Homework 0 Saved Help Save& Exit Submit w Complete this question by entering your answers in the tabs below. 5 points Required 1 Required 2 Required 3 Required 4 Required 5 Compute the predetermined overhead rate for the year. eBook Pm - % References Required 2 > Next > A 3 (D ezto.mheducation.com Course: CIS-110-OSI4 2022SP - Introduction to Computers M Question 3 - Chapter 3 - Homework - Connect Course Hero Chapter 3 - Homework i Saved Help Save & Exit Submit Check my work 3 Complete this question by entering your answers in the tabs below. 5 points Required 1 Required 2 Required 3 Required 4 Required 5 Compute the amount of underapplied or overapplied overhead for the year. eBook overhead Print References Hill ezto.mheducation.com Course: CIS-110-OSI4 2022SP - Introduction to Computers M Question 3 - Chapter 3 - Homework - Connect Course Hero Chapter 3 - Homework i Saved Help Save & Exit Submit Check my work 3 Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct 5 materials. points Gitano Products Schedule of Cost of Goods Manufactured eBook Print Direct materials: References Total raw materials available Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured Mc Graw Hill I) E] Beztomheducationsom O (9 1 + a @ Course: CIS-110-Osl4 ZOZZSP - Introduction to Computers m Question 3 - Chapter 3 - Homework Connect u Course Hero Chapter 3 - Homework 0 Saved Help Save & Exit Submit 3 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 $35,000 ending balance in Work in Process includes $8,600 of direct materials. Given this 5 assumption, supply the information missing below: points Complete this question by entering your answers in the tabs below. eBook Print Required 1 Required 2 Required 3 Required 4 Required 5 References Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer. @ I] E Beztomheducationsom O (9 1 + a Q Course: CIS-110-Osl4 ZOZZSP - Introduction to Computers m Question 3 - Chapter 3 - Homework - Connect u Course Hero Chapter 3 - Homework 0 Saved Help Save & Exit Submit 3 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 $35,000 ending balance in Work in Process includes $8,600 of direct materials. Given this assumption, supply the information missing below: 5 points _ _ _ . Complete this question by entering your answers In the tabs below. eBook Prim Required 1 Required 2 Required 3 Required 4 Required 5 References Assume that the $35,000 ending balance in Work in Process includes $8,600 of direct materials. Given this assumption, supply the information missing below: Direct materials $ 8,600 Direct labor Manufacturing overhead Work in process inventory @