The Row - On-Watershed Company CROW) produces a line of non-motored boats, ROW sesa normal-costing system and allocates manufacturing overhead using direct manufacturing labor cost. The following data are for 2017: (Click the icon to view the data) Inventory balances on December 31, 2017 were as flows: cick the icon to view the account balances) Read the regements Requirement 1. Calculate the manufacturing overhead allocation rate Identify the formula and calculate the manufacturing overhead allocation rate Enter the result as a whole number) Budgeted manufacturing overhead ! Overhead location rate Choose from any drop-down list and then click Check Answer Check a parts Clear All cation i Data Table ead all $ Budgeted manufacturing overhead cost Budgeted direct manufacturing labor cost Actual manufacturing overhead cost Actual direct manufacturing labor cost 100,000 200,000 117,500 225,000 Print Done uau de leyuirements. Data Table Account Work in process Finished goods Cost of goods sold Ending Balance $ 41,500 $ 232,400 556,100 2017 direct manufacturing labor cost in ending balance 18,000 58,500 148,500 Print Done line of non-motorized boats. ROW uses a nead using direct manufacturing labor cost. The Inventory balances on December 31, 2017 were Click the icon to view the account balances Requirements loca mead 1. Calculate the manufacturing overhead allocation rate. 2. Compute the amount of under-or overallocated manufacturing overhead. 3. Calculate the ending balances in work in process, finished goods, and cost of goods sold if under- or overallocated manufacturing overhead is as follows: a. Written off to cost of goods sold b. Prorated based on ending balances (before proration) in each of the three accounts C. Prorated based on the overhead allocated in 2017 in the ending balances (before proration) in each of the three accounts 4. Which method would you choose? Justify your answer. Print Done Answer. rhead using direct manufacturing labor cost. The (Click the icon to view the account balances.) Read the requirements. Data Table alloc erhea Account 2017 direct manufacturing labor cost in ending balance 18,000 Ending Balance 41,500 $ 232,400 556,100 Work in process Finished goods Cost of goods sold 58,500 148,500 Print Print Done Done eck Answer. Clear All sa line of non-motorized boats. ROW uses a erhead using direct manufacturing labor cost. The Inventory balances on December 31, 2017 were as follows Click the icon to view the account balances.) Requirements alloca erhead 1. Calculate the manufacturing overhead allocation rate. Compute the amount of under-or overallocated manufacturing overhead. 3. Calculate the ending balances in work in process, finished goods, and cost of goods sold if under-or overallocated manufacturing overhead is as follows: a. Written off to cost of goods sold b. Prorated based on ending balances (before proration) in each of the three accounts c. Prorated based on the overhead allocated in 2017 in the ending balances (before proration) in each of the three accounts 4. Which method would you choose? Justify your answer. Print Done eck Answer Clear All