$7($i$)$

Partially completed T$-$accounts and additional information for Pine Ridge Corporation for the month of February follow.

Additional information for February follows:

Labor wage rate was $$27$ per hour.

During the month, sales revenue was $$600,100,$ and selling and administrative costs were $$104,500.$

This company has no indirect materials or supplies.

The company applies manufacturing overhead on the basis of direct labor costs.

Required:

a$.$ What was the cost of direct materials issued to production during February?

b$.$ What was the over$-$or underapplied manufacturing overhead for February?

c$.$ What was the manufacturing overhead application rate in February?

d$.$ What was the cost of products completed during February?

e$.$ What was the balance of the Work$-$in$-$Process Inventory account at the end of February?

f$.$ What was the operating profit for February? Any over$-$ or underapplied overhead is written off to Cost of Goods Sold.