solve c, d and e

2. The BUN Company operates a job-order costing system and applies overhead cost to jobs on the basis of direct labor cost. Its predetermined overhead rate was based on a cost formula that estimated $126,000 of manufacturing overhead for an estimated allocation base of $84,000 direct labor dollars. The company has provided the following data in the form of an Excel worksheet: A C Ending 2 Raw Materials Beginning $21,000 $16,000 3 Work in Process $44,000 $40,000 4 Finished Goods $68,000 $60,000 5 6 The following actual costs were incurred during the year. 7 Purchase of raw materials (all direct) $133,000 8 Direct labor cost $80,000 9 Manufacturing overhead costs: 10 Insurance, factory $7,000 11 Depreciation of equipment $18,000 12 Indirect labor $42,000 13 Property taxes $9,000 14 Maintenance $11,000 $36,000 15 Rent, building 16 17 Sheet1 Sheet2 Sheet3 Required: a. Compute the predetermined overhead rate for the year. (Marks 2) b. Compute the amount of underapplied or overapplied overhead for the year. (Marks 3) Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct materials. (Marks 4), d. Compute the unadjusted cost of goods sold for the year. (Marks 2) Allocate any underapplied or overapplied overhead to Work in Process, Finished Goods, and Cost of Goods Sold on the basis of the ending balance in each account at the end of the year. (Marks 5)