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Mantom Consommating costing wylem Partially compiled accounts and additional information for Hawthom for 2020 are allows TIC the accounts Con to view the dininformation Read

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Mantom Consommating costing wylem Partially compiled accounts and additional information for Hawthom for 2020 are allows TIC the accounts Con to view the dininformation Read the reach Rrarement What was the amount of direct matrassed to production during 20202 Odd to production during 2000 wat 1234.000 Requirement 2. What was the amount of manufacturing overhead alocated to be during 20207 Testy the formato calculate the manufacturing overhead locale Minutachning overhead allocated T-accounts Direct Materials Control 1.1 2020 40,000 234000 Finished Goods Control 1-1-2020 10.000 380.000 Work in Process Control 1.1.2020 44,000 Die Manut Mabor 348.000 Manufacturing Overhead Allocated 137.000 Manufacturing Overhead Control $14.000 925,000 Cost of Goods Sold Print Done jobs during 2020? More Info a. Direct manufacturing labor wage rate was $12 per hour. b. Manufacturing overhead was allocated at $16 per direct manufacturing labor-hour. c. During the year, sales revenues were $1,040,000, and marketing and distribution costs were $126,000. Contro Print Done Sold Print Done alp. 3 2 85E Mostly 14 35 Prisen Home End mpleted T-accounts and additional information for Hawthorn for 2020 are as follows: co view the additional information.) Requirements 1. What was the amount of direct materials issued to production during 2020? 2. What was the amount of manufacturing overhead allocated to jobs during 2020? 3. What was the total cost of jobs completed during 2020? 4. What was the balance of work-in-process inventory on December 31, 2020? 5. What was the cost of goods sold before proration of under-or overallocated overhead? 6. What was the under-or overallocated manufacturing overhead in 2020? 7. Adjust for the under-or overallocated manufacturing overhead using the following: a. Write-off to Cost of Goods Sold b. Proration based on ending balances (before proration) in Work-in-Process Control, Finished Goods Control and Cost of Goods 8. Using each of the approaches in requirement 7. calculate Hawthor's operating income for 2020. 9. Which approach in requirement 7 do you recommend Hawthorn use? Explain your answer briefly. Sold at cturi Print Done Help

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