LCD Direct produces LCD touch-screen products. The company reports the following information at December 31. LCD Direct began operations 11 months before, on January 31. Work in Process Wages Manufacturing Finished Goods Raw Materials Inventory Payable Overhead Inventory Inventory 34,000 127,500 75,000 75,000 2,000 51,000 127,500 114,000 53,000 36,000 60,000 15,000 51,000 Balance 0 40,000 Requirements Requirement 1. What is the cost of direct materials used? The cost of direct materials used is 5 | Requirement 2. What is the cost of indirect materials used? The cost of indirect materials used is $. Requirement 3. What is the cost of direct labour? Choose from any list or enter any number in the input fields and then continue to the next question. LCD Direct produces LCD touch-screen products. The company reports the following information at December 31 LCD Direct began operations 11 months before, on January 31. Work in Process Wages Manufacturing Finished Goods Raw Materials Inventory Payable Overhead Inventory Inventory 34,000 127,500 75,000 75,000 2,000 51,000 127,500 114,000 53,000 36,000 60,000 15,000 51,000 Balance 0 40,000 Requirements Requirement 3. What is the cost of direct labour? The cost of direct labour is Requirement 4. What is the cost of indirect labour? The cost of indirect labour is s Requirement 5. What is the cost of goods manufactured? Choose from any list or enter any number in the input fields and then continue to the next question ? LCD Direct produces LCD touch-screen products. The company reports the following information at December 31, LCD Direct began operations 11 months before, on January 31 Work in Process Wages Finished Goods Raw Materials Inventory Manufacturing Overhead Payable Inventory Inventory 34,000 127,500 75,000 75,000 2,000 51,000 127,500 114,000 53,000 36,000 60,000 15,000 51,000 Balance 0 40,000 Requirements Requirement 5. What is the cost of goods manufactured? The cost of goods manufactured is $0 Requirement 6. What is the cost of goods sold (before adjusting for any under- or overallocated manufacturing overhead)? The cost of goods sold (before adjusting for any under-or overallocated manufacturing overhead) is $0 Requirement 7. What is the actual manufacturing overhead? Thatlanifend Choose from any list or enter any number in the input fields and then continue to the next question 1. What is the cost of direct materials used? 2. What is the cost of indirect materials used? 3. What is the cost of direct labour? 4. What is the cost of indirect labour? 5. What is the cost of goods manufactured? 6. What is the cost of goods sold (before adjusting for any under-or overallocated manufacturing overhead)? 7. What is the actual manufacturing overhead? 8. How much manufacturing overhead was allocated to jobs? 9. What is the predetermined manufacturing overhead rate as a percentage of direct labour cost? 10. Is manufacturing overhead underallocated or overallocated? By how much? LCD Direct produces LCD touch-screen products. The company reports the following information at December 31. LCD Direct began operations 11 months before, on January 31. Work in Process Wages Manufacturing Finished Goods Raw Materials Inventory Payable Overhead Inventory Inventory 34,000 127,500 75,000 75,000 2,000 51.000 127,500 114,000 53,000 36,000 60,000 15,000 51,000 Balance 0 40,000 Requirements Requirement 7. What is the actual manufacturing overhead? The actual manufacturing overhead is s Requirement 8. How much manufacturing overhead was allocated to jobs? Allocated manufacturing overhead is $] Requirement 9. What is the predetermined manufacturing overhead rate as a percentage of direct labour cost? Choose from any list or enter any number in the input fields and then continue to the next question LCD Direct produces LCD touch-screen products. The company reports the following information at December 31, LCD Direct began operations 11 months before, on January 31. Work in Process Wages Manufacturing Finished Goods Raw Materials Inventory Payable Overhead Inventory Inventory 34,000 127,500 75,000 75,000 2,000 51,000 127,500 114,000 53,000 36,000 60,000 15,000 51,000 Balance 0 40,000 Requirements Requirement 9. What is the predetermined manufacturing overhead rate as a percentage of direct labour cost? Identify the formula and then compute the percentage (Round your answer to the nearest whole percent.) Predetermined overhead rate Requirement 10. Is manufacturing overhead underallocated or overallocated? By how much? Choose from any list or enter any number in the input fields and then continue to the next question LCD Direct produces LCD touch-screen products. The company reports the following information at December 31. LCD Direct began operations 11 months before, on January 31, Work in Process Wages Manufacturing Finished Goods Raw Materials Inventory Payable Overhead Inventory Inventory 34,000 127,500 75,000 75,000 2,000 51,000 127,500 114,000 53,000 36,000 60,000 15,000 51,000 Balance 0 40,000 Requirements Requirement 10. Is manufacturing overhead underallocated or overallocated? By how much? Identify the formula and then compute the underallocated or overallocated overhead. (Use parentheses or a minus sign for overallocated overhead.) (Over) Under Allocated Choose from any list or enter any number in the input fields and then continue to the next question. LCD Direct produces LCD touch-screen products. The company reports the following information at December 31. LCD Direct began operations 11 months before, on January 31. Work in Process Wages Manufacturing Finished Goods Raw Materials Inventory Payable Overhead Inventory Inventory 34,000 127,500 75,000 75,000 2,000 51,000 127,500 114,000 53,000 36,000 60,000 15,000 51,000 Balance 0 40.000 Requirements overhead.) (Over) Under Allocated Manufacturing overhead is V by sa Choose from any list or enter any number in the input fields and then continue to the next question LCD Direct produces LCD touch-screen products. The company reports the following information at December 31, LCD Direct began 11 months before, on January 31, Work in Process Wages Manufacturing Finished Goods Raw Materials Inventory Payable Overhead Inventory Inventory 34,000 127,500 75,000 75,000 2,000 51,000 127,500 114,000 53,000 36,000 60,000 15,000 51,000 Balance 0 40,000 Requirements overhead.) (Over) Under Allocated Actual manufacturing overhead Direct labour by s Indirect labour C Manufacturing wages Predetermined overhead rate in the input fields and then continue to the next