managerial accounting

EXERCISE 2 85,000 $1.275,000 Estimated Computer-hours Estimated Fixed manufacturing overhead cost Estimated Variable manufacturing overhead per computer-hour $3.00 60,000 $1,350,000 Actual Computer-hours Actual Manufacturing overhead cost Inventories at year-end: Raw materials Work in process Finished goods Unadjusted Cost of goods sold $400,000 $160,000 $1.040,000 $2,800,000 DETERMINE: 1. Estimated total manufacturing overhead cost? 2. Predetermined overhead rate? 3. Overhead applied 4. Underapplied or overapplied manufacturing overhead 5. Adjusted COGS