LCD produces screens for use in various smartphones. The company reports the following information at December 31. LCD began operations on January 31 earlier that same year (Click the icon to view additional information.) More Info Read the requirements Work in Process Manufacturing Wages Payable Finished Goods Raw Materials Inventory 28,000 128, 63,000 46,000 Overheac Inventory Inventory Requirement 1. What is the cost of direct materials used The cost of direct materials used is $ 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 labor? The cost of direct labor isS Requirement 4. What is the cost of indirect labor? The cost of indirect labor is $ Requirement 5. What is the cost of goods manufactured? The cost of goods manufactured iss Requirement 6. What is the cost of goods sold (before adjusting for any under- or overallocated manufacturing overhead)? 00 80,000 80,000 6,500 46,000 128,000 113,000 58,000 34,500 17,000 Balance 0 37,000 Print Done Next Module: Week-5, 11-19-18 to 11-26-18 Choose from any list or enter any number in the input fields and then continue to the next question Requirement 7. What is the actual manufacturing overhead? The actual manufacturing overhead is $ Requirement 8. How much manufacturing overhead was allocated to jobs? Allocated manufacturing overhead is S Requirement 9. What is the predetermined manufacturing overhead rate as a percentage of direct labor cost? Identify the formula and then compute the percentage. (Round your answer to the nearest whole percent.) Next Module Week-5, 11-19-18 to 11-26-18 Predeterminne overhead rate Requirement 10. Is manufacturing overhead underallocated or overallocated? By how much? ldentify the formula and then compute the underallocated or overallocated overhead. (Use parentheses or a minus sign for overallocated overhead.) (Over) Under allocated Manufacturing overhead is by$