Problems - Required Saved Help Save & Exit Submit Check my work Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $114,400 of manufacturing overhead for an estimated allocation base of $88,000 direct material dollars to be used in production. The company has provided the following data for the just completed year: Purchase of raw materials $ 135,000 Direct labor cost $ 84,000 Manufacturing overhead costs: Indirect labor Property taxes $ 8,5ee Depreciation of equipment $ 17,880 $ 11,400 Rent, building $ 103,500 Maintenance Insurance $ 12,000 $ 35, eee Raw Materials Work in Process Finished Goods Beginning $ 22,000 $ 47,000 $ 70,000 Ending $ 16,000 $ 36,000 $ 57,000 Required: 1. Compute the predetermined overhead rate for the year. 2. Compute the amount of underapplied or overapplied overhead for the year. 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct materials 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in 5. Assume that the $36,000 ending balance in Work In Process includes $8,600 of direct materials. Given this assumption supply the information missing below: eMalwarebytes Anti-Malware 6 Databases Out of Date your answer. Your database is out of date. It is in protected by Installing the latest up Prou 22 HH Neyt applied or overapplied overhead for the year. 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are us materials. 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or ou your answer. 5. Assume that the $36,000 ending balance in Work in Process Includes $8,600 of direct material supply the information missing below: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the predetermined overhead rate for the year. Predetermined overhead rate % Required Required 2 > Check Requirea: 1. Compute the predetermined overhead rate for the year. 2. Compute the amount of underapplied or overapplied overhead for the year, 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production materials 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhe your answer. 5. Assume that the $36,000 ending balance in Work in Process includes $8,600 of direct materials. Given this assu supply the information missing below: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the amount of underapplied or overapplied overhead for the year. Overhead Malwarebytes Database Your database is protected by Insta Question Chapter Three etto meducation.comvest/map/index.html?con conexternal browser launchuilt253A%252F%252Foro csudhedswebaport apter Three Problems - Required Help Seve Exit Sut 2 Check my work 2. Compute the amount of underapplied or overapplied overhead for the year 3. Prepare a schedule of cost of goods manufactured for the yeat. Assume all raw materials are used in production as direct materials 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overappiled overhead in 5. Assume that the $35,000 ending balance in Work in Process includes $8,600 of direct materials. Given this assumption supply the information missing below: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Required Required Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer Urustnd cont of goods sold 3 BD 9 70F 12:50 PM 17/2021 e here to search Der Pgov End Prt Sch. Pgup Home 19 . ell 2. Compute the amount of underapplied or overapplied overhead for the year. 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in pro materials. 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overappliec your answer. 5. Assume that the $36,000 ending balance in Work in Process includes $8,600 of direct materials. Given to supply the information missing below: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Assume that the $36,000 ending balance in Work in Process includes $8,600 of direct materials. Given this assum supply the information missing below: $ 8,600 Direct materials Direct labor Manufacturing overhead Work in process inventory $ 36,000 Malw
