The Home Radiator Company uses a normal-costing system with a single manufacturing overhead cost pool and machine-hours as the cost-allocation base. The following data are for 2020: (Click the loan to view the following data.) Read the requirements Data table a. Adjust for this amount using a write-off to Cost of Goods Sold. Show the account balances after the write-off. Account Balance After Proration Budgeted manufacturing overhead costs $ Overhead allocation base 4.875,000 Machine-hours Budgeted machine-hours 65,000 Manufacturing overhead costs incurred $ 4,975,000 Cost of Goods Sold Finished Goods Control Work-in-Process Control $ 11,100,000 1,250,000 6:25,000 b. Adjust for the amount using a proration based on ending balances (before proration) in Work-in-Process Control, Finished decimal to three decimal places, "XXXX". Use a minus sign or parentheses to show overallocated amounts and adjustments COGS FG WIP Proportion (decimal) x 0.85 0.1 x 0.05 (Over-] Underallocated OH = Adjustment 475,000 - $ 475,000 - 475,000 403,750 47.500 23.750 Actual machine-hours 60,000 Machine-hours data and the ending balances (before proration of under- or overallocated overhead) are as follows: Actual Machine-Hours Cost of Goods Sold Finished Goods Control 51,000 7,000 S Work-in-Process Control 2,000 2020 End-of-Year Balance 10,625,000 1,250,000 625,000 Now enter the account balances after the write-off. Cost of Goods Sold Account Balance After Proration 11,028.750 1,297,500 Print Done juns in the formula. (Enter the proportions as a Finished Goods Control Work-In-Process Contral 648,750 c. Adjust for the amount using a proration based on the overhead allocated in 2020 (before proration) in the ending balances of Work-in-Process Control. Finished Goods Control, and Cost of Goods Sold. Begin b formula. (Enter the proportions as a decimal to three decimal places, "XXXX". Use a minus sign or parentheses to show overallocated amounts and adjustments to be subtracted.) FG WP Proportion (decimal) x (Over-] Underallocated OH 0.85 x 475,000 475,000 - 475,000 Adjustment $ 403,750 Requirements 1. Compute the budgeted manufacturing overhead rate for 2020. 2. Compute the under- or overallocated manufacturing overhead of Home Radiator in 2020. Adjust for this amount using the following: a Write-off to Cost of Goods Sold b. Proration based on ending balances (before proration) in Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold c. Proration based on the overhead allocated in 2020 (before proration) in the ending balances of Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold 3. Which method do you prefer in requirement 27 Explain. Help me solve this Etext pages Get more help. - x