pleted job using job-order costing typically consists of the actual labor cost of the job and the actual manufacturing overhead of the ammal cost system, the cost of a complete materials cost of the job, the actual direct labor True False mined overhead rate (POHR), Marple Company inadvertently left its estimated indirect bor costs out of the computation. This oversight will cause: Manufacturing Overhead to be Overapplied Cost of Goods Manufactured will be understated Cost of Goods Sold will be overstated in computing its predetermined overhead West Corporation uses a predetermined overhead rate (POHR) based on Direct Labor Hours to apply manufacturing overhead to jobs. Last year, the company's estimated manufacturing overhead was $1,200,000 and its estimated level of activity was 50,000 direct labor hours. The company's direct labor wage rate is $12! per hour. Actual manufacturing overhead amounted to $1,240,000, with actual direct labor cost of Soc.000 For the year, manufacturing overhead was: Overapplied by $60,000 Underapplied by $60,000 Overapplied by $40,000 d. Underapplied by $44,000 Bottom, Inc. has provided the following data for the month of March. There were no beginning inventories consequently, the direct materials, direct labor and overhead applied listed below are all for the current month FG Work in Process Total COGS $17,010 $66,150 $84 580 Direct Material $16,200 $63.000 $80.520 Direct Labor $41.340 $10.600 $50.000 $1.06 Applied OH $43,810 $3,800 $218,100 $170.490 Total $1,420 $1,320 Overhead for the month was underapplied by $7,000 The company allocates any underapplied or overapplied overhead among Work in Process, Finished Goods Cost of Goods Sold at the end of the month on the basis of the overhead applied during the month in those accounts (our method 2). The Adjusted Cost of Goods Sold for March after allocation of any underapplied or overapplied overhead for the month is closest to: $163,490 $177,490 $165,030 $175,950 The accountant for our company made a mistake and charged $500 as an operating or period expense, but it should have been charged an actual overhead item. When the mistake is corrected, the cost of Goods Manufactured (COGM) for our company would using Normal Costing. Increase Stay the same Decrease Not enough information to make a determination