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Nishat Akmal Company operates a job-order costing system and applies overhead Cost to jobs on the basis of direct labor hours. For 2019, company estimated

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Nishat Akmal Company operates a job-order costing system and applies overhead Cost to jobs on the basis of direct labor hours. For 2019, company estimated $450,000 of total manufacturing overhead for an estimated 15,000 direct labor hours. The actual labor hours used during the period were 11.250 hours. The company has provided the following cost data: Raw materials, January 1 Raw materials, 31 December 27.000 Work in process, January 1 35.000 10,000 114,000 112.500 Work in process, December 31 Total actual manufacturing overhead costs Total manufacturing overhead cost applied Purchases of raw material (all direct) Direct labor cost Required: a. Compute the pre-determined overhead application rate for 2019 (4 marks) b. Compute overapplied or underapplied overhead amount (4 marks) c. Prepare a schedule of cost of goods manufactured (18 marks) d. Cost per unit of the total number of goods manufactured 24 units (4 marks 185.000 145.000

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