Save Selected on from the Corporation accounting records for June follows 417.00 Labor (630) 37,500 550,00 Fished de Twente 68 671) 22.000 2.000 masturi Orphed Control 142,500 34), 25.000 Applied Manufacturing Overhead 167.00 342,500 Additional information for June follows: Labor wage rate was $25 per hour . During the month, sales revenue was $1,031,000, and selling and administrative costs were $237000 This company has no indirect materials or supplies The company applies manufacturing overhead on the basis of direct labor hours Required: a. What was the cost of direct materials purchased in June? b. What was the over- or underapplied manufacturing overhead for June? c. What was the manufacturing overhead application rate in June? d. What was the cost of products completed during June? e. What was the balance of the Work in Process Inventory account at the beginning of June? 1. What was the operating profit (or loss) for June? Any over- or underapplied overhead is written off to Cost of Goods Sold Save Selected on from the Corporation accounting records for June follows 417.00 Labor (630) 37,500 550,00 Fished de Twente 68 671) 22.000 2.000 masturi Orphed Control 142,500 34), 25.000 Applied Manufacturing Overhead 167.00 342,500 Additional information for June follows: Labor wage rate was $25 per hour . During the month, sales revenue was $1,031,000, and selling and administrative costs were $237000 This company has no indirect materials or supplies The company applies manufacturing overhead on the basis of direct labor hours Required: a. What was the cost of direct materials purchased in June? b. What was the over- or underapplied manufacturing overhead for June? c. What was the manufacturing overhead application rate in June? d. What was the cost of products completed during June? e. What was the balance of the Work in Process Inventory account at the beginning of June? 1. What was the operating profit (or loss) for June? Any over- or underapplied overhead is written off to Cost of Goods Sold