Check my work 10 Riverboat Enterprises uses a job-order costing system. They apply overhead on...
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Check my work 10 Riverboat Enterprises uses a job-order costing system. They apply overhead on the basis of direct labor hours. They have provided the following information. Sales Revenue $860,000 points Actual Manufacturing Overhead $352,000 Actual Direct Labor Cost $217,000 Actual Direct Labor Hours 27,760 Book Raw Material Purchases 145,000 Estimated Manufacturing Overhead $412,000 Print Estimated Total Direct Labor Hours 32,960 References Inventory balances for the year are as follows: Beginning Ending Raw Materials $10,000 $19,450 Work in Process $31,000 $26,700 Finished Goods $18,000 $29,500 a. Calculate the predetermined overhead rate. $ 12.50 per direct labor hour b. What is the amount of total overhead applied? c. is the overhand over-or underapplied? * Overhand * Underapplied | By how much? d. what is the amount of direct materials used? e. calculates the amount of total manufacturing costs. f. what is the cost of Goods manufactured? g. calculate the unadjusted COGS. 1. Calculate the adjusted COGS. J. What is the amount of Gross profit? " FOO gate
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