Acct 2020: Question 6

Question Help Here are selected data for Propel Corporation: Beginning raw materials inventory $37,000 Beginning work in process inventory $62,300 Beginning finished goods inventory $56,300 Cost of materials purchased $151,000 Cost of direct materials requisitioned $91,500 Direct labor incurred $125, 100 Actual manufacturing overhead $160,000 Cost of goods manufactured $287,200 Cost of goods sold $265,000 Predetermined Manufacturing overhead 135% rate (% of direct labor) What is the ending work in process inventory balance? O A. $188,915 O B. $221,000 O C. $160,585 O D. $237,970 Click to select your answer. ?Question Help Beta Fish Corporation uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. The company estimated that it would incur $600,800 of manufacturing overhead during the year and that 150,300 direct labor hours would be worked. During the year, the company actually incurred manufacturing overhead costs of $582,200 and 135,200 direct labor hours were worked. By how much was manufacturing overhead overallocated or underallocated for the year? (Round intermediary calculations to the nearest cent and the final answer to the nearest dollar.) O A. $18,600 underallocated O B. $41,400 overallocated O C. $41,400 underallocated O D. $18,600 overallocated Click to select your