Medieval Toys Inc is a state of the art manufacturing company utilizing the latest in robotics and computers to control production. The company uses a job-order casting system and applies manufacturing overhead cost to products on the basis of computer hours. Medieval Toys used the following estimated information to Computer Hours Manufacturing Overhead Cost $ Unfortunately, the economy went into recession during the year and resulted in inventory building up and a necessary cutback in production. The following actual cost information and operating data as follows: Computer Hours Manufacturing Overhead Cost Inventories at year-end Raw Materials Work in process Finished Goods Cost of Goods Sold 85,000 $ 2,200,000 $ A A A A $ 80,000 2,000,000 $ $ 500,000 200,000 1,050,000 2,900,000

Medieval Tors inc is a state of the art manufacturing company utilizing the latest in robotics and computers to control production. The company uses a job-order casting system and applies manufacturing overhead cost to products on the basis Is the manufacturing OH under or over applied? What is the amount? Edit Format Table