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The Zaf Radiator Company uses a normal-costing system with a single manufacturing overhead cost pool...

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Accounting

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The Zaf Radiator Company uses a normal-costing system with a single manufacturing overhead cost pool and machine -hours as the cost-allocation base. The following data are for 2014: Machine-hours data and the ending balances (before proration of under or overallocated overhead) are as follows: Compute the budgeted manufacturing overhead rate for 2014. Compute the under- or overallocated manufacturing overhead of Zaf Radiator in 2014. Dispose of this amount using the following. Writeoff to Cost of Goods Sold Proration based on ending balances (before proration) in Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold Proration based on the overhead allocated in 2014 (before proration) in the ending balances of Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold Which method do you prefer in requirement 2? Explain

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