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Calibri Paste IU- R. >>. A Alignment Number Cells Conditional Format as Cell Formatting Table Styles Styles Clipboard Font Al for Stanford Enterprises uses job-order costing. A B C D Stanford Enterprises uses job-order costing. 2 The allocation base for overhead is direct labor hours. 4 Data for the year just ended: 5 Estimated total manufacturing overhead cost 6 Estimated total direct labor hours 7 Actual total direct labor hours $ 275,000 25,000 27,760 9 Actual costs for the year: 10 Purchase of raw materials (all direct) Direct labor cost Manufacturing overhead costs $375,000 $536,300 $302,750 14 Inventories: Raw materials (all direct) Work in process Finished goods Beginning 15,000 27,875 34,600 $ $ $ Ending 11,375 22,350 26,450 19 Use the data to answer the following. 22 21 1. Compute applied overhead and determine the amount of underapplied or overapplied overhead: Actual manufacturing overhead cost 23 Predetermined overhead rate Actual direct labor hours 24 Cost of Goods Manufactured and Cost of Goods Sold - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME INSERT Day Paste B I U . A Cells Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A1 X Ro Stanford Enterprises uses job-order costing. A B I c 40 Manufacturing overhead applied to work in process 41 Total manufacturing costs 42 Add: Beginning work in process inventory 43 Total cost of work in process 44 Deduct: Ending work in process inventory 45 Cost of goods manufactured 47 3. Prepare a schedule of cost of goods sold. Stanford Enterprises Schedule of Cost of Goods Sold 52 Finished goods inventory, beginning 53 Add: Cost of goods manufactured 54 Cost of goods available for sale 55 Deduct: Finished goods inventory, ending 56 Unadjusted cost of goods sold 57 Underapplied (overapplied) overhead 58 Adjusted cost of goods sold