Problem 1. Plastic Products Company manufactures pipes and applies manufacturing costs to production at a budgeted indirect-cost rate of $12 per direct labor-hour. The following data are obtained from the accounting records for June 2014: Direct materials $350,000 Direct labor (16,000 hours @ $11/hour) $176,000 Indirect labor %bodyamp;nbsp; 20,000 $100,000 Plant facility rent I Depreciation on plant machinery and equipment 9bodyamp;nbsp; 40,000 Sales commissions %bodyamp;nbsp; 50,000 Administrative expenses %bodyamp;nbsp; 60,000 Required: Answer af PLEASE SHOW YOUR WORK What actual amount of manufacturing overhead costs was incurred during June 2014? b. What amount of manufacturing overhead was allocated to all jobs during June 2014? c. For June 2014, was manufacturing overhead underallocated or overallocated? Explain. d. Show the journal entries to close the manufacturing overhead Control, MOH Allocated, and Cous. Assume Beg & End WIP and Finished Goods equal zero. What is the adjusted COGS after the writeoff? 1. Plastic Products decides to use Proration instead of writing off to COGS which method will lead to higher NOI? Explain