Question: please answer all parts Compute over-or underapplied manufacturing overhead. Note: Round your answer to 2 decimal places. Prepare Lamonda's April income statement. Include any adjustment





Compute over-or underapplied manufacturing overhead. Note: Round your answer to 2 decimal places. Prepare Lamonda's April income statement. Include any adjustment to Cost of Goods Sold needed to dispose of over- or underapplied manufacturing overhead. Note: Round your answers to 2 decimal places. Lamonda Corporation uses a job order cost system. On April 1, the accounts had balances as shown in the Taccounts below. The following transactions occurred during April: a. Purchased materials on account at a cost or $232.370 b. Requisitioned moterials at a cost of $112,100, of which $16,900 was for general factory use. c. Recorded unpaid factory labor of $224,100, of which $43,775 was indirect. d. Incurred other costs: e. Applied overhead at a rate equal to 140 percent of direct tobor cost. 1. Completed jobs costing $263,650 g. Sold jobs costing $323,470. h. Recorded sales revenue fon account) of $502,000 Required: Required: 1. \&2. Post the April transactions to the T-accounts and compute the batance in the accounts at the end of Aphit. 3-6. Compute over- or underapplied manufacturing overtieod. 3-b. If the balance in the Manulacturing Overhead accourt is closed directly to Cost of Goods Sold, will Cost of Goods Sold increase or decrease? 4. Prepare Lamonda's cost of goods manufactured report for Apht 5. Prepare Lamonda's Aprit income statement. Include any adjustrment to Cost of Goods Sold neceded to dispose of over-or underappled manufacturing ovetheat. If the balance in the Manufacturing Overhead account is closed directly to Cost of Goods Sold, will Cost of G or decrease? Prepare Lamonda's cost of goods manufactured report for April. Note: Round your answers to 2 decimal places. Post the April transactions to the T-accounts and compute the balonce in the sccounts at the end of April. Note: Post each transaction (d) cost separately. Round your answers to 2 decimal ploces
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