Question 7 Not complete Marked out of 4.00 P Flag question Determine and Use Overhead Rate The following selected ledger accounts of Cameron Company are for February (the second month of its accounting year): Materials Inventory Feb. 1 balance 81.900 February credits 293,800 February debits 270,400 Manufacturing Overhead February debits 356.720 Feb. 1 balance 30.160 February credits 354,510 Work in Process Inventory Feb. 1 balance 58.240 February credits 897.000 February debits: Direct material 274,000 Direct Labor 393.900 Man overhead 354,510 Wages Payable February debits 503.100 Feb. 1 balance 117.000 February credits 460,200 Finished Goods Inventory Feb, 1 balance 198.900 February credits 997,620 February debits 897,000 a. Determine the amount of indirect material requisitioned for production during February $ 0 b. How much indirect labor cost was apparently incurred during February? $0 c. Calculate the manufacturing overhead rate based on direct labor cost. 0 96 d. Was manufacturing overhead for February under-or overapplied, and by what amount? Manufacturing overhead was by 5 0 for February Was manufacturing overhead for the first two months of the year under or overapolied, and by what amount a. Determine the amount of indirect material requisitioned for production during February $ 0 b. How much indirect labor cost was apparently incurred during February? $ 0 c. Calculate the manufacturing overhead rate based on direct labor cost. 0 d. Was manufacturing overhead for February under or overapplied, and by what amount? Manufacturing overhead was by $ 0 for February e. Was manufacturing overhead for the first two months of the year under or overapplied, and by what amount? Manufacturing overhead was bys o for the first two months f. What is the cost of production completed in February? $0 g. What is the cost of goods sold in February? 50 Check Previous Save Answers Copyright 2020 Cambridge Business Publishers. All Rights Reserved | Terms of Use Privacy Policy Return Policy User Guide Browser Suppa