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1. Compute the predetermined overhead rate. 2. Compute the amount of underapplied or...

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Accounting

1. Compute the predetermined overhead rate.
2. Compute the amount of underapplied or overapplied overhead.
3. Prepare a schedule of cost of goods manufactured. Assume all raw materials are used in production as direct materials.
4. Compute the unadjusted cost of goods sold. Do not include any underapplied or overapplied overhead in your answer.
5. Assume the $36,000 ending balance in Work in Process includes $8,500 of direct materials.
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