rome File Edit View History Bookmarks People Window Help M Chapter 3 HW ezto. tpx 1. Compute a predetermined overhead rate 2. Prepare schedules of cost of goods manufactured and cost of goods sold 3 Compute underapplied or overapplied overhead cost to close or overapplied overhead cost to close the balance in Manufacturing Overhead to the appropriate accounts Cost of Goods Manufactured and Cost of Goods Sold-Exce Sign In HOME INSERT PAGE LAYOUT FORMULAS DATA REVWEW Paste. Cioboard r . Aignment Number -iingal Fomatas Styles. Cels Editing Slu. Formatting" Table Styles Font v | | Stanford Enterprises uses job-order costing. : X-/ uses job-order costing. 1 Stanford E 2 The allocation base for overhead is direct labor hours. 4Data for the year just ended: 5 Estimated total manufacturing overhead cost 6 Estimated total direct labor hours s 275,000 25,000 27,760 Actual total direct labor hours 9 Actual costs for the year: 10 Purchase of raw materials (all direct) 11 Direct labor cost 32 Manufacturing overhead costs $375,000 $536,300 5302,750 14 Inventories: 1S Raw materials (all direct) 16 : Work in process 17 : Finished goods S 15,000 S11,375 $ 27,875 $ 22,350 S 34,600 26,450 19 Use the data to answer the following. 21 1. Compute applied overhead and determine the amount of underapplied or overapplied overhead MacBook Air yes