I need help with some account questions:

1.

• Determine the Allocated Factory Overhead cost for the month of August for Ford using the following information. The allocation base is direct labor costs.

Estimated Direct Labor Used yearly: $125,000

Estimated Indirect Costs (factory overhead) yearly: $62,500

Direct Labor Used during August: $55,000

2.

• Wilson Sports manufactures leather footballs in their factory. Identify each of the following as a Direct Material, Direct Labor or Factory Overhead example for Wilsons football production:
  • Thread for footballs Direct Material
  • Employee putting completed footballs in a box ________
  • Factory foremans salary ________
  • Leather for footballs ________
  • Factory utilities ________

3.

• Compute Cost of Goods Manufactured using the following information:

Direct Materials Used: $30,000

Factory (Manufacturing) Overhead: $4,000

Beginning Work in Process Inventory: $10,000

Ending Work in Process Inventory: $3,000

Direct Labor: $20,000

Finished Goods Inventory: $13,000

4.

The following information is available for a company's cost of sales over the last five months. Using the high-low method, estimate total fixed cost.

Month	Units sold	Cost of sales
January	400	$31,000
February	800	$37,000
March	1,600	$49,000
April	2,400	$61,000