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SweetTooth Corporation manufactures and sells Sweet candies which began operations on May 1, 2022, reported the following information. Estimated manufacturing overhead $726,000 Actual manufacturing overhead

SweetTooth Corporation manufactures and sells Sweet candies which began operations on May 1, 2022, reported the following information.

Estimated manufacturing overhead $726,000
Actual manufacturing overhead $704,000
Estimated direct labor cost $484,000
Actual direct labor cost $506,000

SweetTooth uses a normal cost system and applies manufacturing overhead to jobs on the basis of direct labor hours. Hourly pay is $22 per hour. On April 30 2023, job #859 was the only job that remained in production. That job had direct material and direct labor charges of $33,800 and $46,200, respectively.

Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places.

a) Determine the company's predetermined overhead rate.

Predetermined Overhead Rate =: $Answer per direct labor hour

b) Determine the amount of under- or overallocated overhead.

Actual Manufacturing Overhead: $Answer Allocated Overhead: $Answer AnswerUnderallocated overheadOverallocated overhead: $Answer

c) Calculate the balance the company would report as ending WIP inventory.

Direct Materials Used: $Answer Direct labor: $Answer Allocated Overhead: $Answer Total cost: $Answer

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