MANAGERIAL ACCOUNTING VARIANT 2 Question 1 4 marks Partial operating data for Starke Company follow. Starke Company's management has set the predetermined overhead rate for the current year at 80 percent of direct labor costs. a). Using T-accounts and the data provided, compute the unknown values. Show all your computations. b). Prepare a Statement of Cost of Goods Manufactured 42,000 66,000 29,000 168,000 382,000 Beginning Materials Inventory Beginning Work in Process Inventory Beginning Finished Goods Inventory Direct Materials Purchased Direct Materials Used Direct Labor Costs Manufacturing Overhead Applied Cost of Units Completed Cost of Goods Sold Ending Materials Inventory Work in Process Inventory, Ending Finished Goods Inventory, Ending 808,000 38,000 138,600 Question 2 3 marks