The following information is provided for Arthur Corp. which applies overhead to production on the basis of direct labor cost. Actual direct labor hours worked Actual direct labor cost incurred Actual manufacturing overhead costs incurred Predetermined overhead rate 14,000 $210,000 $225,000 115% of direct labor cost Compute the amount of under- or overapplied overhead. Be sure to designate as under- or overapplied.

2. (3 points) The following information is provided for Arthur Corp. which applies overhead to production on the basis of direct labor cost. Compute the amount of under- or overapplied overhead. Be sure to designate as under- or overapplied. Prepare the moH Tuccount to suppont your auswer. 3. (2 points) On the schedule of cost of goods manufactured, the final cost of goods manufactured figure represents: a. the amount of cost charged to work in process during the period. b. total manufacturing cost for the period. c. the amount of cost transferred from work in process to finished goods. d. the amount of cost transferred from finished goods to cost of goods sold during the period. e. the amount of cost placed into production during the period