The Following Cost Data Relate to the Manufacturing Activities of the Kanaba

Essay

The following cost data relate to the manufacturing activities of the Kanaba Corporation last year: The company uses a predetermined overhead rate to apply manufacturing overhead cost to production.The rate last year was $5.00 per machine-hour; a total of 5,000 machine-hours were recorded for the year.
Required:
a.Compute the amount of underapplied or overapplied overhead cost for the year.
b.Prepare a schedule of Cost of Goods Manufactured for the year.