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1. Compute a predetermined overhead rate. 2. Prepare schedules of cost of goods manufactured and cost of goods sold. All answers must be entered as a formula. Click OK to begin OK Prey 1 of 6 Score answer > ) Bonus Points Opportunity Saved raile TV IL NU L curung Formatting Table Styles Clipboard Font Styles Al Stanford Enterprises uses job-order costing. B D E F G H 4 Data for the year just ended: 5 Estimated total manufacturing overhead cost 6 Estimated total direct labor hours 7 Actual total direct labor hours $ 275,000 25,000 27,760 8 9 Actual costs for the year: 10 Purchase of raw materials (all direct) $375,000 11 Direct labor cost S536,300 12 Manufacturing overhead costs $302,750 13 14 Inventories: Beginning Ending 15 Raw materials (all direct) S 15.000 $ 11,375 16 Work in process S 27.875 $ 22,350 17 Finished goods S 34,600 $ 26,450 18 19 Use the data to answer the following. 20 21 1. Compute applied overhead and determine the amount of underapplied or overapplied overhead: 22 Actual manufacturing overhead cost 23 Predetermined overhead rate Actual direct labor hours 25 Manufacturing overhead applied 26 27 Underapplied (overapplied) manufacturing overhead Sheets READY 24 100% Prey 1 of 6 Score answer > Ucation.com tractice Bonus Points Opportunity i Saved TINH Lens CORT Formatting Table Styles Styles Clipboard Font B F G H 30 31 32 es AI fo Stanford Enterprises uses job-order costing. D E 24 Actual direct labor hours 25 Manufacturing overhead applied 26 27 Underapplied (overapplied) manufacturing overhead 28 29 2. Prepare a schedule of cost of goods manufactured: Stanford Enterprises Schedule of Cost of Goods Manufactured 33 Direct materials: 34 Raw materials inventory, beginning Add: Purchases of raw materials 36 Total raw materials available 37 Deduct: Raw materials inventory ending Raw materials used in production 39 Direct labor 40 Manufacturing overhead applied to work in process 41 Total manufacturing costs 42 Add: Beginning work in process inventory 43 Total cost of work in process 44 Deduct: Ending work in process inventory 45 Cost of goods manufactured 46 47 3. Prepare a schedule of cost of goods sold, Sheet1 35 38 READY 100% Prev 1 of 6 !!! Score answer > Saved re Les CUIUI 2 > B G H BU All under Formatting Table Styles Clipboard Font Styles A1 fe Stanford Enterprises uses job-order costing. C D E F 41 Total manufacturing costs 42 Add: Beginning work in process inventory 43 Total cost of work in process 44 Deduct: Ending work in process inventory 45 Cost of goods manufactured 46 47 3. Prepare a schedule of cost of goods sold. 48 Stanford Enterprises 50 Schedule of Cost of Goods Sold SI 52 Finished goods inventory, beginning 53 Add: Cost of goods manufactured 54 Cost of goods available for sale 55 Deduct: Finished goods inventory, ending 56 Unadjusted cost of goods sold 57 Underapplied (overapplied) overhead 58 Adjusted cost of goods sold 59 60 61 62 49 Sheet1 READY 100% Prev 1 of 6 Score answer >