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Please answer for a like. Please ignore requirement 2c and 3. Heat Radiator Company uses a normal costing system with a single manufacturing overhead (MOH)cost
Please answer for a like. Please ignore requirement 2c and 3.
Heat Radiator Company uses a normal costing system with a single manufacturing overhead (MOH)cost pool and machine-hours (MH) as the cost allocation base. The following data are for 2019. (Click the icon to view the following data.) Data table 1. Compute the budgeted manufacturing overhead rate for Heat. 2. Compute the under- or overallocated manufacturing overhead of Heat Radiator in 2019 . Dispose of this under-or overallocated amount using the following: a. Write-off to Cost of Goods Sold b. Proration based on ending balances (before proration) in Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold c. Proration based on the allocated overhead amount (before proration) in the ending balances of Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold 3. Which method do you prefer in requirement 2? Explain. Requirement 2. Compute the under- or overallocated manufacturing overhead of Heat Radiator in 2019. Begin by selecting the formula you will use. Next enter the amounts in the formula and compute the under- or overallocated manufacturing overhead. (Use parentheses or a minus sign when entering overallocated amounts.) a. Dispose of this amount using a write-off to Cost of Goods Sold. Show the account balances after the write-off. b. Dispose of the amount using a proration based on ending balances (before proration) in Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold. Begin by selecting the formula to calculate the adjustment to each account. Then, enter the amounts in the formula. (Abbreviations used: WIP = work-in-process, FG = finished goods, COGS = cost of goods sold. Enter the proportions as decimals to three decimal places. Use a minus sign or parentheses to show overallocated amounts and adjustments to be subtracted.) Now enter the account balances after the write-offStep by Step Solution
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