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please help due at 9 Luzadis Company makes furniture using the latest automated technology. The company uses a job order costing system and applies manufacturing

please help due at 9
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Luzadis Company makes furniture using the latest automated technology. The company uses a job order costing system and applies manufacturing overhead cost to products on the basis of machine-hours. The predetermined overhead rate was based on a cost formula that estimates $900.000 of total manufacturing overhead for an estimated activity level of 75.000 machine-hours. During the year, a large quantity of furniture on the market resulted in cutting back production and a buildup of furniture in the company's warehouse. The company's cost records revealed the following actual cost and operating data for the your 5 Machine hours Manufacturing overhead cost Raterials Work in proces (includes overhead pole of $30,000) Finished goods includes overhead applied of $100, Cost of goods sold includes overheaded of $504,000) 5 $ 5 49,00 350.000 10,000 100.000 500.000 1.000.000 Required: 1 Compute the underapplied or overapplied overhead 2. Assume that the company closes any under applied or overopoled overhead to Cost of Goods Sold Prepare the appropriate journal entry 3. Assume that the company allocotes any underopied or overopplied overhead proportionally to Work in process, Finished Goods 4 How much higher or forwet wil net operating Income be it the underapplied or overapplied overhead is allocated to Work in Process Finished Goods and cost of Goods Sold rather than being closed to Cost of Goods Sold? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Compute the underapplied or overapplied overhead 3 Luzadis Company makes furniture using the latest automated technology. The company uses a job order costing system and applies manufacturing overhead cost to products on the basis of machine-hours. The predetermined overhead rate was based on a cost formula that estimates $900.000 of total manufacturing overhead for an estimated activity level of 75.000 machine-hours. During the year, a large quantity of furniture on the market resulted in cutting back production and a buildup of furniture in the company's warehouse. The company's cost records revealed the following actual cost and operating data for the your 5 Machine hours Manufacturing overhead cost Raterials Work in proces (includes overhead pole of $30,000) Finished goods includes overhead applied of $100, Cost of goods sold includes overheaded of $504,000) 5 $ 5 49,00 350.000 10,000 100.000 500.000 1.000.000 Required: 1 Compute the underapplied or overapplied overhead 2. Assume that the company closes any under applied or overopoled overhead to Cost of Goods Sold Prepare the appropriate journal entry 3. Assume that the company allocotes any underopied or overopplied overhead proportionally to Work in process, Finished Goods 4 How much higher or forwet wil net operating Income be it the underapplied or overapplied overhead is allocated to Work in Process Finished Goods and cost of Goods Sold rather than being closed to Cost of Goods Sold? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Compute the underapplied or overapplied overhead 3

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