I'm Gitano Products uses job-order costing and applies overhead cost to jobs based on direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate is based on a cost formula that estimated $120,400 of manufacturing overhead for an estimated allocation base of $86,000 direct material dollars to be used in production. The company provided the following data for the just completed year: Purchase of raw materials Direct labor cost Manufacturing overhead costs: Indirect labor Property taxes Depreciation of equipment Maintenance Insurance Rent, building Raw Materials Work in Process Finished Goods Beginning $ 29,000 $ 48,000 $ 69,000 Required 1 Required 2 Required: 1. Compute the predetermined overhead rate. 2. Compute the amount of underapplied or overapplied overhead. 3. Prepare a schedule of cost of goods manufactured. Assume all raw materials are used in production as direct materials. 4. Compute the unadjusted cost of goods sold. Do not include any underapplied or overapplied overhead in your answer. 5. Assume the $39,000 ending balance in Work in Process includes $8,800 of direct materials. Given this assumption, supply the information missing below: Required 3 $ 136,000 $ 82,000 Complete this question by entering your answers in the tabs below. Compute the predetermined overhead rate. Predetermined overhead rate $ 138,800 $ 8,600 $ 15,000 $ 15,000 % $ 7,700 $ 32,000 Ending $ 13,000 $ 39,000 $ 59,000

Assume the $39,000 ending balance in Work in Process includes $8,800 of direct materials. Given this assumption, supply the information missing below:

Gitano Products uses job-order costing and applies overhead cost to jobs based on direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate is based on a cost formula that estimated $120,400 of manufacturing overhead for an estimated allocation base of $86,000 direct material dollars to be used in production. The company provided the following data for the just completed year: Required: 1. Compute the predetermined overhead rate. 2. Compute the amount of underapplied or overapplied overhead. 3. Prepare a schedule of cost of goods manufactured. Assume all raw materials are used in production as direct materials. 4. Compute the unadjusted cost of goods sold. Do not include any underapplied or overapplied overhead in your answer. 5. Assume the $39,000 ending balance in Work in Process includes $8.800 of direct materials. Given this assumption, supply the information missing below: Complete this question by entering your answers in the tabs below. Compute the predetermined overhead rate. Complete this question by entering your answers in the tabs below. Assume the $39,000 ending balance in Work in Process inclujles $8,800 of direct materials. Given this assumption, supply the information missing below: Gitano Products uses job-order costing and applies overhead cost to jobs based on direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate is based on a cost formula that estimated $120,400 of manufacturing overhead for an estimated allocation base of $86,000 direct material dollars to be used in production. The company provided the following data for the just completed year: Required: 1. Compute the predetermined overhead rate. 2. Compute the amount of underapplied or overapplied overhead. 3. Prepare a schedule of cost of goods manufactured. Assume all raw materials are used in production as direct materials. 4. Compute the unadjusted cost of goods sold. Do not include any underapplied or overapplied overhead in your answer. 5. Assume the $39,000 ending balance in Work in Process includes $8.800 of direct materials. Given this assumption, supply the information missing below: Complete this question by entering your answers in the tabs below. Compute the predetermined overhead rate