91 Problem 2 (10 points) 92 Classification of Costs Required - Warfield manufactures soccer balls. Classify the costs below as product or period, and then as direct labor, 93 direct materials, overhead, selling or admin. expenses 94 95 96 97 Wages of workers who package the product. Vice president of sales salary The salary of a factory supervisor. Sales commissions Packages used to hold the soccer balls. Cos \begin{tabular}{|l|l|l|l|} \hline Depreciation of administrative office building. & & & \\ \hline Cost of advertising & & & \\ \hline Market res earch/study costs & & & \\ \hline Cleaning supplies used in the factory. & & & \\ \hline \end{tabular} Problem 3 (15 points) Predetermined overhead rate, applied overhead and over/underapplied amounts Condor Company applied overhead to production using a predetermined overhead rate based on direct labor hours. Budgeted data for 2025 Budgeted direct labor-hours Budgeted manufacturing overhead Designate as Direct Materials, Direct Labor, Overhead, Selling, or Admin. Required a. Compute the predetermined overhead rate. 113 114 POHR b. Assume that in 2025, actual manufacturing overhead amounted to $950,000, and 84,000 direct labor hours were used. Compute the amount overhead applied, and the underapplied or overapplied manufacturing overhead for 2025. 115 116 \begin{tabular}{|l|l|l|l|} \hline 2025. & & \\ \hline \\ \hline \end{tabular} c. Prepare the journal entry to transfer underapplied or 123 overapplied overhead to Cost of Goods Sold. 124. overapplied overhead to Cost of Goods Sold