Class: McGraw-Hill/Irwin Problem 03-24 PACIFIC MANUFACTURING COMPANY 1a. Computations Estimated total manufacturing overhead cost Estimated total amount of the allocation base Predetermined overhead rate 1b. Actual manufacturing overhead costs: Insurance, factory Depreciation of equipment Indirect labor Property taxes Maintenance Rent, building Total actual costs Applied manufacturing overhead costs Underapplied overhead 2. PACIFIC MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured Direct materials: Raw materials inventory, beginning Add purchases of raw materials Total raw materials available Deduct raw materials inventory, ending Raw materials sed in production Direct labor Manufacturing overhead applied to work in process Total manufacturing costs Add: Work in process, beginning Deduct: Workin process, ending Cost of goode manufactured 3