please solve all requirements 1-4.. thank you (:
TI Question Help The Ride-On-Wwerway Company CROW) produces a line of non-motorized boats. ROW uses a normal.costing system and allocates marcturing overhead using direct manufacturing labor cost. The following data are for 2017: lick the boon to view the data) Inventory balances on December 31, 2017 were as follows (click the icon to view the count balances) Read more Requirement 1. Calculate the manufacturing overhead location rate dently the formula and calculate the marutacturing overhead location rate (Enter the result as a whole number) Overhead alocation rate Requirement 2. Compute the amount of under er overallocated manufacturing overhead Identify the formula and calculate the under or manutacturing overallocated overhead (Use parentheses or a minus sign to report overheat overalocated) - Underalocated overalocated) Requirement 3. Calculate the ending balances in work in process, finished goods and cost of goods sold it under or overallowed manufacturing overhead is as follows: (a) written of to cost of goods sold, I promated based on ending wance (before proration in each of the tree accounts, (c) promated based on the overhead allocated in 2017 in the ending balance before pronation in each of the wee accounts (a) Calculate the ending balances in work in process, fished goods and cost of goods sold under overallocated manufacturing overheat is written off to cost of goods sold Account Ending Balance Work in process Finished goods Cost of goods sold The Ride-On-Waterway Company (ROW) produces a line of non-motorized boats, ROW uses a normal-coing system and alocatos manufacturing overhead using direct manufacturing labor cost. The following data w for 2017 Inventory balances on December 31, 2017 were as follows Click the icon to view the data) mick the icon to view the account balances) Read Moreirements (b) Begin by identifying the formula and calculating the adjustment to each account assuming under of overallocated manufacturing overhead is promoted based on ending balance before pronton neach of the three courts (Un amore signor parentheses to show overallocated amounts and adjustments to be subtracted) th) w FO COS X Now calculate the ending balances in work in process, finished goods and cost of goods sold i undercover allocated manufacturing overhead is provated based on ending balances before pronto in each of the accounts (Use a signor parentheses to show adjustments to be subtracted) ib Ending Balance (adjusted) WIP FG CGS (c) Begin by identifying the formula and calculating the adjustment to each account assuming under er overalocated marutacturing overhead is prouted based on the overhead alocated in 2017 in the ending bestefore proration in each of the three accounts (Use a minus sign or parentheses to show overallocated amounts and adjustments to be subtracted) fo Adjustment WIP FG x CGS from any list or enter any number in the input fields and then continue to the next question to Enter the formula and calculate the ending balances in work in process, trished goods and comfoods sold i undercovered manufacturing overhead is proved based on the overhead located in 2017 in Penting te before oration in each of the three accounts Use a minus son or parentheses to show overleden and ment to be traced Ending Balance wp + FG COS + Requirement 4. Which method would you choose? Justify your answer The method that makes the most sense is to The amount of the over underlocation amonti Choose from any list or enter any number in the input fields and then continue to the next question on-motorized bc afacturing labor cost. The rated based on the overhead allocate i justment to each account assuming under-or overallocated manufacturing overhead oses to show ove Data Table 2017 direct manufacturing labor cost in ending balance 18,000 58,500 148,500 Ending Balance $ 42,750 $ 247,950 564,300 X Done Account Work in process Finished goods Cost of goods sold Print ances in work in process Use a minus sign or pare The amount of the over-underallocation amount is justment to each account assuming under-or overallocated manufacturing overhead is prorated based on the overhead allocated in 201 ses to show ove X Data Table 1 $ 121,000 $ 220,000 rated based on the overh n work in process minus sign or pare Budgeted manufacturing overhead cost Budgeted direct manufacturing labor cost Actual manufacturing overhead cost Actual direct manufacturing labor cost $ 118,750 $ 225,000 Print Done tify your answer The amount of the over-underallocation amount is
