omework: Chapter 4 omework Question 4, P4-39 (similar to) Part 4 of 8 zy Radi g data a ick the i Data table a Table Budgeted manufacturing overhead costs $ Overhead allocation base 4,675,000 Machine-hours HW Score: 80.34%, 4.02 of 5 points Points: 0.3 of 1 uirement n by select Budgeted machine-hours 85,000 Manufacturing overhead costs incurred Actual machine-hours $ 4,925,000 80,000 Machine-hours data and the ending balances (before proration of under- or overallocated overhead) are as follows: Budgeted $ quirement 2 egin by select arentheses or Manufactu Actual Machine-Hours 2017 End-of-Year Balance Cost of Goods Sold 56,000 $ 7,000,000 Finished Goods Control Work-in-Process Control 20,000 2,000,000 4,000 1,000,000 a. Dispose of th Account Balance Print Done Help me solve this Etext pages Get more help Clear all Check a 4,925,000 4,400,000 = $ 525,000 a. Dispose of this amount using a write-off to Cost of Goods Sold. Show the account balances after the write-off. P Cost of Goods Sold 5 Finished Goods Control Account Balance After Proration 7,525,000 1) Work-in-Process Control 2,000,000 1,000,000 b. Dispose of the amount using a proration based on ending balances (before proration) in Work-in-Process Control, Finished Goods Control, and e Begin by selecting the formula to calculate the adjustment to each account. Then enter the amounts in the formula. (Enter the proportions as a deci places, "X.XXX". Use a minus sign or parentheses to show overallocated amounts and adjustments to be subtracted.) COGS Res FG WIP Accoun Copyri Proportion (decimal) x (Over-) Underallocated OH x x Adjustment he icon to view the f equirements. Requirements 4,925,000 se of this amount using Goods Sold ed Goods Control in-Process Control pose of the amount using by selecting the formula t s, "X.XXX". Use a minus s Proportion (decir 1. Compute the budgeted manufacturing overhead rate for 2017. 2. Compute the under- or overallocated manufacturing overhead of Hazy Radiator in 2017. Dispose of this amount using the following: a. Write-off to Cost of Goods Sold b. Proration based on ending balances (before proration) in Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold c. Proration based on the overhead allocated in 2017 (before proration) in the ending balances of Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold 3. Which method do you prefer in requirement 2? Explain. Print Done GS - X ntrol, and Cost of s as a decimal to