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Page 2 3. The following information has been made available to you. Actual manufacturing overhead $10,781,830 Estimated manufacturing overhead $10,843,760 Actual direct labor hours 605,
Page 2 3. The following information has been made available to you. Actual manufacturing overhead $10,781,830 Estimated manufacturing overhead $10,843,760 Actual direct labor hours 605, 455 Estimated direct labor hours 609,200 a. Compute the manufacturing overhead rate. (4 points) b. Compute manufacturing overhead applied. (4 Points) c. State whether the amount posted was over- or under-applied for manufacturing overhead and also state the dollar amount. (2 pointa) d. Indicate whether coat of goods sold should be increased or decreased in order to adjust the balance to actual costs (based on your Anaxex In parte). (2 Points) 4. Use the following information to perform the calculations below. Finished goods, Jan 1, 2021 Finished goods, Dec 31, 2021 Work in process, Jan 1, 2021 Work in process, Dec 31, 2021 Materials Inventory, Jan 1, 2021 Materials Inventory, Dec 31, 2021 12,500 9,320 44,000 17,100 28,650 33,600 Sales office Copier depreciation Indirect materials Direct labor Advertising expense Materials purchased Fire Insurance, Factory Building $343,921 47,600 89,900 68,500 24,300 67,600 21,000 Show your work for each part. a. Calculate total manufacturing costs for 2021. (4 points) b. Calculate cost of goods manufactured for 2021. (4 Points) e. Calculate cost of goods sold for 2021. (4 Points)
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