please complete requirements 1-8 Please complete all requirements Was manufacturing overtiead underapplied or overapplied? By how much? Selected Taccounts of Moore Company are glven below
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please complete requirements 1-8
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Was manufacturing overtiead underapplied or overapplied? By how much? Selected Taccounts of Moore Company are glven below for the just completed year. Required: 1. What was the cost of raw materials used in production duning the year? 2. How much of the materials in (1) above consisted of indirect matenals? 3. How much of the factory labor cost for the year conststed of indirect labor? 4. What was the cost of goods manufactured for the year? 5. What was the unadjusted cost of goods sold for the year? Do not include any underapplied or overapplied overhead in your answer. 6. If overhead is applied to production on the basis of drect labor cost. what predetermined overhead rate was in effect dumg the year? 7. Was manufacturing overhesd underapplied or overapplied? By how much? 8. Compute the ending balance in Work in Process. Assume that this balance consists entrely of goods staned dunng the year, if. $12.250 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? Complete this question by entering vour answers in the tabs below. 1. What was the cost of rav materials used in production during the year? 2. How much of the miterials in (1) above consisted of indirect materials? 3. How much of the factory labor cont for the year consisted of indirect labor? 4. What was the cois of goods manufactured for the year? 5. What was the unadjustad cost of goods sold for the year? Do not indude any underapplied or ovenepplied overtead in pout answer. Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $12,250 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year Step by Step Solution
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