Chrome File Edit View History Bookmarks Profiles Tab Window Help zoom B C 67% Q Wed Feb 1 8:48 PM O Submit Homework 2: Job costi X C gradescope.com/courses/470653/assignments/2486582/submissionsew X ON Update : 9/10 Questions Answered Saved on Jan 27 at 8:59 PM Q4 9 Points The Tribbiani family produces a line of drones. The Tribbianis use a normal-costing system and allocate manufacturing overhead using direct labor cost. The following data are for 2020: Budgeted manufacturing overhead cost $125,000 Budgeted direct manufacturing labor cost $250,000 Actual manufacturing overhead cost $111,000 Actual direct manufacturing labor cost $230,000 Inventory balances at the end of the year were as follows: Account Ending Balance Direct Labor cost in Ending Balance Work in process $42,750 $23,000 Finished goods 247,950 66,700 Cost of goods sold 564,300 140,300 1 zoomChrome File Edit View History Bookmarks Profiles Tab Window Help zoom B C 67% Q Wed Feb 1 8:48 PM O Submit Homework 2: Job costi X C gradescope.com/courses/470653/assignments/2486582/submissionsew X ON Update : 9/10 Questions Answered Saved on Jan 27 at 8:59 PM T . T 1 Point Calculate the manufacturing overhead allocation rate. 50% Save Answer Last saved on Jan 27 at 8:59 PM Q4.2 1 Point Compute the amount of under or over allocated manufacturing overhead. Over Allocated 4000 Save Answer Last saved on Jan 27 at 8:53 PM Q4.3 1 Point Calculate the ending balances in work in process, finished goods and cost of goods sold if under- or overallocated manufacturing overhead is written off to cost of goods sold 1 zoom WChrome File Edit View History Bookmarks Profiles Tab Window Help zoom B C 67% Q Wed Feb 1 8:48 PM O Submit Homework 2: Job costi X C gradescope.com/courses/470653/assignments/2486582/submissionsew X ON Update : 9/10 Questions Answered Saved on Jan 27 at 8:59 PM Q4.3 1 Point Calculate the ending balances in work in process, finished goods and cost of goods sold if under- or overallocated manufacturing overhead is written off to cost of goods sold (i) Work in process ending balance 42,750 (ii) Finished goods ending balance 247,950 (iii) cost of goods sold ending balance 564,300 Save Answer Last saved on Jan 27 at 8:55 PM Q4.4 3 Points 1 200m6 Chrome File Edit View History . . i Submit Homework 2: Job cos X Bookmarks Profiles Tab Window Help zoom @'J at t :2, + 1 4 zoom W