tion list

The Row $-$ On $-$ Water Company $($ROW$)$ produces a line of non$-$motorized boats. ROW uses a normal$-$costing system and allocates manufacturing overhead using direct manufacturing labor cost. The following data are for $2020$ :

$($Click the icon to view the data.$)$

Inventory balances on December $31,2020$ were as follows:

$($Click the icon to view the account balances.$)$

Read the requirements.

stion $1$

stion $2$

Identify the formula and calculate the manufacturing overhead allocation rate. $($Enter the result as a whole number.$)$

$$

$$

Budgeted cost allocation base $=$

Overhead allocation rate

$=\%$ of DL costs

stion $3$

Requirement $2.$ Compute the amount of under$-$ or overallocated manufacturing overhead.

Identify the formula and calculate the under$-$ or manufacturing overallocated overhead. $($Use parentheses or a minus sign to report overhead overallocated.$)$

stion $4-=$ Underallocated $($overallocated$)$

$-1=$

Data table

$\backslash$table$[[$Budgeted manufacturing overhead cost,$$,132,000],[$Budgeted direct manufacturing labor cost,$$,220,000],[$Actual manufacturing overhead cost,$$,136,000],[$Actual direct manufacturing labor cost,$$,220,000]]$

$\backslash$table$[[$Account$,,$alance,$\backslash$table$[[2020$ direct manufacturing$],[$labor cost in ending balance$]]],[$Work in process,$$,33,400$$$,19,800],[$Finished goods,,$225,450,59,400],[$Cost of goods sold,,$576,150,140,800]]$