World Clock Company reported the following for the month just ended: Beginning balance, Raw Materials Inventory $30,000 Beginning balance, Work in Process Inventory 48,000 Beginning balance, Finished Goods Inventory 17,000 Purchases of raw materials Factory electricity Direct labor payroll Depreciation on factory equipment Insurance on factory building Indirect materials used in production Total raw materials used in production Indirect labor payroll Cost of goods manufactured Cost of goods sold 54,000 10,000 32,000 35,000 8,000 7,000 65,000 24,000 200,000 210,000 Direct Labor Hours Mach The 1st letter of your last name begins with:A thru L Estimated 75,000 80,000 2 Actual World Clock Company's management estimates manufacturing overhead for the year to be $120,000. Actual overhead incurred is included above to determine the adjustment to cost of goods sold for any manufacturing overhead that was under or over applied. Questions: 1. What is the company's predetermined overhead rate? 2. What is the amount of manufacturing overhead applied for the month? What is the amount of underapplied or overapplied overhead (you must indicate whether MOH is over or under applied)? Hint: show your calculation for actual manufacturing overhead incurred. 3. As you learned, companies use segmentation to report operating results. Name at least 3 different ways to segment The Walt Disney Company 4