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The following cost data for manufacturing activities of Canapy Company during 2016 Manufacturing costs incurred during the year S39,000 $28,000 $34,000 5,600 mh Purchases of

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The following cost data for manufacturing activities of Canapy Company during 2016 Manufacturing costs incurred during the year S39,000 $28,000 $34,000 5,600 mh Purchases of raw materials Estimated annual overhead $34,500 Estimated machine hours Direct labor costs Actual overhead costs incurred Actual machine hours 6,000mh Inventories: Raw materials, January I Raw materials, December 31 Work in process, January 1 Work in process, December 31 $ 4,000 1,500 3,000 2,700 The company uses a predetermined overhead rate to charge overhead cost to production. The rate is based on machine-hours. a. Compute the predetermined overhead rate b. Compute the amount of under-or over-applied overhead cost for the year 2006. c. Cost of Goods Sold for the period has been recorded at $104,500. Compute the COGs adjusted for the manufacturing overhead. d. Compute the actual total manufacturing costs for the year. e. Compute the total cost of jobs completed and transferred to finished goods inventory

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