TI4-4 (similar to) Question Help JaNes Corporation manufactures custom cabinets for kitchens. It uses a normal costing system with two direct cost categories-direct materials and direct manufacturing labor-and one indirect-cost pool, manufacturing overhead costs It provides the following information about manufacturing overhead costs for 2017 (Click the icon to view the manufacturing overhead cost information for 2017) The following information is available as of December 31, 2017 E (Click the icon to view the information.) Requirement Calculate the underallocated or overallocated manufacturing overhead at the end of 2017 and prorate it to Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold accounts based on the allocated manufacturing overhead in each account balance using normal costing. 1,360,000 34,000 40 The manufacturing overhead allocated during the year is $ 1,040,000 Identify the formula and calculate the underallocated or overallocated manufacturing overmead. (Use parentheses or a minus sign to report overhead overallocated.) Underal located (overallocated) indirect costs Actual indirect costs incurred Indirect costs allocated 1,040,000 130,000 Finally, prorate the underallocated or overallocated manufacturing overhead to Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold accounts based on the allocated manufacturing overhead in each account balance using normal costing. (Enter percentages to one decimal point, X.X%. Abbreviations used: MOHmanufacturing overhead) Manufacturing Overhead in Each MOH Data Table Balanco (Before Account Balance Allocated in the as a Percent Proration Balance (After) Proration) 42,000 S Finished goods control S56,000 Current Year (Before Proration of Total Amount Proration) Work-in-process control 47,600 74800 1,237,600 1.360,000 Budgeted manufacturing overhead costs Budgeted direct manufacturing labor hours Actual manufacturing overhead costs Actual direct manufacturing labor-hours S 1,360,000 S | | %| | 34,000 hours 2,000,000 S Cost of goods sold S 1.170,000 S 2,098,000 26,000 hours Enter any number in the edit fields and then click Check Answer. Print Done All parts showing