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Partially completed T-accounts and additional information for Cardinals, Inc., for the month of November appear as follows. Materials Inventory BB (11/1) 42,000 132,000 101,000 Finished

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Partially completed T-accounts and additional information for Cardinals, Inc., for the month of November appear as follows. Materials Inventory BB (11/1) 42,000 132,000 101,000 Finished Goods Inventory BB (11/1) 92,000 192,000 132,000 Manufacturing Overhead Control Work-In-Process Inventory BB (11/1) 72,000 Labor 77,500 Cost of Goods Sold Applied Manufacturing Overhead 90,000 Additional information for November follows: Labor wage rate was $25 per hour Manufacturing overhead is applied at $28 per direct lobor hour . During the month, sales revenue was $330,000, and selling and administrative costs were $60,000. This company has no indirect materials or supplies. d. What was the balance of the e. What was the over- or underapplied manufacturing overhead for November? f. What was the operating profit (loss) for November? Any over or underapplied overhead is written off to Cost of Goods Sold. BRE we 3 of 10 Next >

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