Question: Please help me solve this managerial accounting question as I need help studying for my final Selected ledger accounts for Realm Company are given below

Selected ledger accounts for Realm Company are given below for the just-completed

Please help me solve this managerial accounting question as I need help studying for my final
year: Ray Materials Bal. 1/1 Debits Bal. 31/12 41, 475 e 82

Selected ledger accounts for Realm Company are given below for the just-completed year: Ray Materials Bal. 1/1 Debits Bal. 31/12 41, 475 e 82 Manufactu rin 427 , 400 Debits Bal. 1/1 Direct materials Direct labour Overhead Bat. 31/12 Credits Overhead Credits Work in 86, s 342, 132 , 444 6 s Pa able Bal. 1/1 C redits Bal. 31/12 Process C redits 94, l 21, 202 s Debits Bal. 1/1 Debits Bal. 31/12 Facto Wa 206, s 17 Finished Goods 59,8 Credit 163 5. What was the cost of goods sold for the year (before considering underapplied or overapplied overhead)? 6. If overhead is applied to production on the basis of direct materials cost, what rate was in effect during the year? overhead rate 7. Was manufacturing overhead underapplied or overapplied? By how much? ufaauring overhead was 8. Compute the ending balance in the Work in Process inventory account. Assume that this balance consists entirely of goods started during the year. If $33,100 of this balance is direct materials cost, how much of it is direct labour cost? Manufacturing overhead cost? Ending balance in the work in process Direct labour cost Manufacturing overhead cost Cost of Goods Sold Debits Required: 1. What was the cost of raw materials put into production during the year? of raw S 208,000 2. How much of the materials in requirement 1 consisted of indirect materials? s 41,600 3. How much of the factory labour cost for the year consisted of indirect labour? S 90.000 4. What was the cost of goods manufactured for the year? ost goods manufactu s 588.000

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