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Cozy Radiator Company uses a normal-costing system with a single manufacturing overhead (MOH) cost pool and machine-hours (MH) as the cost allocation base. The following data are for 2022. E (Click the icon to view the data for 2022.) Required Requirement 1. Compute the budgeted manufacturing overhead rate for 2022. Begin by selecting the formula you will use. Then, enter the amounts and calculate the rate. Budgeted manufacturing overhead rate Budgeted manufacturing overhead Budgeted machine-hours $ 4,500,000 1 50,000 $ 90 Requirement 2. Compute the under- or overallocated manufacturing overhead of Cozy Radiator in 2022. Begin by selecting the formula you will use. Next, enter the amounts in the formula and compute the under- or overallocated manufacturing overhead. (Use parentheses or a minus sign when entering overallocated amounts.) Manufacturing overhead underallocated (overallocated) Manufacturing overhead incurred Manufacturing overhead allocated = Cozy Radiator Company uses a normal-costing system with a single manufacturing overhead (MOH) cost pool and machine-hours (MH the cost allocation base. The following data are for 2022. E: (Click the icon to view the data for 2022.) Required Requirement 1. - Begin by selecting Required Budgeted me Requirement 2. Jed manufactu Begin by selecting overhead. (Use pa 1. Compute the budgeted manufacturing overhead rate for 2022. 2. Compute the under- or overallocated manufacturing overhead of Cozy Radiator in 2022. Dispose of this under- or overallocated amount using: a. Write-off to Cost of Goods Sold b. Proration based on ending balances (before proration) in Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold c. Proration based on the allocated overhead amount (before proration) in the ending balances of Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold 3. Which method is preferred in requirement 2? Explain. Manufacturin ase. The following data are for 2022. o view the data for 2022.) Data for 2022 m m e Budgeted manufacturing overhead (MOH) $ 4,500,000 ring Overhead allocation base machine hours (MH) n n Budgeted machine-hours (MH) 50,000 Manufacturing overhead (MOH) incurred $ 4,750,000 Actual machine-hours (MH) 60,000 Machine-hours data and the ending balances (before proration of under-or overallocated overhead) are as follows. le cated manufac Actual Machine- 2022 End-of-Year Hours (MH) Balance Cost of Goods Sold 42,000 $ 15,000 11,250,000 2,250,000 Finished Goods Control Work-in-Process Control 3,000 1,500,000 S, Print Done
