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!(need help with this this question)! The Pacific Manufacturing Company operates a job-order costing systern and applies overbead Cost to jobs on the basis of
!(need help with this this question)!
The Pacific Manufacturing Company operates a job-order costing systern and applies overbead Cost to jobs on the basis of direct labor cost. Its predetermined overhead rate was based on a cont formula that estimated $126,000 of manufacturing overhead for an estimated allocation hase of $84.000 direct labor dollars. The company has provided the following data in the form of an Excel worksheet Work in ProcESS 4 Finished Goods 15 9 Manufacturing overhead cash 10 Insurance factory 11 13 Property taxed The following actualquals cuted during the year Purchane al raw mals (orel) Direct labor cost Rent, bulding 14 #shell 1311 0:00 Direct materials Direct labor 43000 Manufacturing overhead Work in process inventory $10.000 1131.000 $80.000 STE DOD Required: 1. 21. Compute the predetermined overhead rate for the year. b. Compute the amount of underapplied or overapplied overhead for the year. Prepare a schedule of cost of goods manufactured for the year. Assume all raw maters an used in production as direct materials. 50.000 $11.000 530 000 Compute the unadjusted cost of goods sold for the year. (Do not include any underaecor overapplied overhead in your cost of goods sold figure.) What options are availab posing of underapplied or overapplied overhead? Job 137 was started and completed during the year. What price would have been the customer if the job required $3,200 in materials and $4,200 in direct labor.co company priced its jobs at 40% above the job's cost according to the accounting 5. Direct labor made up $8,000 of the $40,000 ending Work in Process inventory b ply the information missing below: S ? 8,000 7 $40,000
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