The Ride-On Water (ROW) Company produces a fine of non word boats ROW es anomaljcing sundalocate mandatering overhead cousing direct mandaling tour cout The following data wewe for 2013 Click the icon to view the data Inventory bale on December 31, 2019 was follow Click the icon to view the account balances) Besid Requirement 1. Cakulate the budgeted manufacturing overhead rate Identify the formula and calculate the overhead allocation rate (Abbreviation used manufacturing Enter the overhead allocation of as a whole number, rounded to the nearest herber) Overhead location 1 Requirement 2. Calculate the amount of under or overallocated manufacturing overhead Identify the form and calculate the underallocated or overalocated overhead. (Abbreviations wedgt budgeted, my manufacturing Use parentheses or a mission to report avhead overallocated) Underlocated Overallocated) Requirement 3. Calculate the ending balances in work-in-process finished goods and cost of goods sold it under or overallocated overhead is (a1 Calculate the ending balances in work in process finished goods and cost of goods sold Wunderlocated or overallocated overhead is written off to cost of goods sold Account Endins Balance upes poss The Ride-On Water (ROW) Company produces a line of montered a ROW moting system and manufacturing ved sing direct mandating cost The following data are waitable for 2019 Click the icon to view the data) Inventory balance on December 31, 2019 were as follows: Click the icon to view the account balances) Required Aceint Ending Balance Work in process Finished goods Cost of goods sold (b) Begin by dentifying the formule and calculating the adjustment to each accounting that under or overallocated overhead is promated based on ending balance before prin each of the three Abreviation used OH overhead Enir proportions to four decimal places. Round your to the nearest cant Use ainus sign or parentheses howeverlocated amounts and to be subted) 1) An FG X CGS Now calculate the ending balance in work-in-process, finished goods and cost of goods sold under or velocated overhead is promoted based on ending balance before pration in each of the three accounts ( Avised WIP work in process, Finished goods, COS cost of goods sold Use a minus sign or parentheses to show to be the Round your answers to the nearest cent) ib Ending balance hem the inputs and then continue to the next question three accounts (Abbreviation used OH overhead Enterproportions to four places Round your answers to the newest contine a minus sign or parties to show verecated and (c) Austment WIP FG CGS X X (c) Enter the formula and calculate the ending balances in work in process, finished goods, and cost of goods sold under over allocated overhead is prorted based on the overhead allocated in 2019 in the ending to proration) in each of the three accounts. (Round your answers to the nearest enter parentheses to show over located amounts and adjustments to be subtracted) Ending balanceadused WIP FG CGS Requirement 4. Which disposition method do you prefer in requirement ? Explain The method that makes the most sense is to The amount of the under or overlocated plant overheads from any list or enter any number in the input neds and then continue to the next question Luring lab ortions to fol i Data to show overallocated an $ $ -in-process the neares Budgeted manufacturing overhead costs Budgeted direct manufacturing labour costs Actual manufacturing overhead costs Actual direct manufacturing labour costs 100.000 200,000 106,000 220,000 $ on the overhead allocate e subtracted) S Print Done rement 3? Explain The amount of the under-or overallocated plant overhead is ind then continue to the next question Take a Test - Habib... U omal job-costing system and allocates manufacturing overhead costs using direct manufacturing laban oportions to i Account balances - X how overallocated ame -rk-in-proc to the ne Account Work-in-process Finished goods Cost of goods sold 2019 Direct Manufacturing Labour Ending Balance Cost in Ending Balance $ 50,000 $ 20,000 $ 240.000 $ 60,000 560.000 $ 140,000 he overhead allocated bbtracted.) Print Done quirement 3? Explain. The amount of the under- or overallocated plant overhead is and then continue to the next