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compary has provided the follawing data foe the just compleled yesir Bequired: 1. Conouite the piddetermined overbead rate for the vese. 2. Compule the amount of underappind or everapplied ovestiebd for the year. hormation asing betiow. Complete this question ty enterine veur antwers in the tabs below. arrwwe! Gitano Products operates a job-order costing system and applies overthead cost to jobs an the basis of direct materials used in production (not on the basis of cow materials purchased). lts predetermined overthead rote was based on a cost formula that estimated $136,500 of manufocturing overheed for an estimated allocation base of $91,000 direct material dollars to be used in pioduction. The compary has provided the following data for the just completed year Requiled: 1. Compute the prddetermined overhead rate for the yeer. 2. Compute the amount of underepplied or overapplied overheed for the year. 3. Prepare a scheduie of cost of goods manufoctured for the yeac Assume all raw materials are used in production as direct thaterials. 4. Compute the unodjusted cost ot goods sold for the yoar. Do not include any underapplied or overapplied overhead in your answer. 5. Assume that the $37,000 ending baiance in Work in Procoss includes $8,500 of direct motetials. Given this assumption, supply the information mssing below: Complete this question by entering your answers in the tabs below. Wupply the informution misuing below: Gitano Products operates a job-order costing system and opplies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $136,500 of manufacturing overhead for an estimated allocotion bose of $91,000 direct material dollars to be used in production. The company has provided the following dota for the just completed yeor: Required: 1. Compute the prodetermined overhead rate for the year. 2. Compute the amount of underopplied or overapplied overheod for the year: 3. Prepare a schedule of cost of goods manufoctured for the yeor. Assume all rew materials ore used in production as direct materials: 4. Compute the unadjusted cost of goods sold for the year. Do not include any underopplied or overapplied overhead in your answet 5. Assume that the $37,000 ending balance in Work in Process includes $8,500 of direct meterials, Given this assumption, supply the information missing below: Complete this question by entering your answers in the tabs below. Compute the amount of underapplied or overapplied overhead for the year. Gitono Products operates a job-order costing system and opplies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). its predetermined overhead rate was based on a cost formula that estimated $136,500 of manufacturing overhead for an estimated allocation base of $91,000 direct material dollars to be used in production. The company has provided the following doto for the just completed yeor: Required: 1. Compute the predetermined overhead rate for the year. 2. Compute the emount of underapplied or overapplied overhead for the year. 3. Prepare a schepule of cost of goods manufactured for the yeac. Assume all row moterials are used in production as direct materials. 4. Compute the unadjusted cast of goods sold for the year. Do not include any underapplied or overapplied overthead in your answer. 5. Assume that the $37,000 ending balance in Work in Process includes $8,500 of direct materials. Given this assumption, supply the information missing below: Complete this question by entering your answers in the tabs below. Compute the predetermined owerhesd rate for the year. Ch 3. Job-Onder Costing Cost Flows and External Reporting (6) 3.85 Donta. e. sam Materlals Wari In Froceil Fintihed soods Required: 1 Compute the predetermined ayerheod rate for the yeor. 2. Compute the amount of underepplied or overopplied owerhead for the yest: 3. Prepare a schedule of cost of goods manufoctured for the year. Assume el raw maserials are used in production as direct materials. 4. Compute the unacjusted cost of goods sold for the year, Do not include any underepplied or overapplied overtieed in your answer. 5. Assume that the $37,000 ending balance in Work in Process includes $8,500 of direct materials. Given shis assumption, supply the informotion missing below: Complete this question by entering your answers in the tabs below. materia's