MANAGERIAL ACCOUNTING HANDOUT PROBLEM 4 Score Name - Section Problem (10 points) The Ruffalo Company uses a job cost accounting system. Manufacturing overhead is applied to production at a predetermined rate of 150% of direct labor cost. Any over-or underapplied manufacturing overhead is closed to the cost of goods sold account at the end of each month. Additional information is attached. REQUIRED: ( (2 What was the cost of goods manufactured for February? Show computations What was the amount of over-or underapplied overhead closed to the cost of goods sold account at February 28? Show computations