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

Essay

The following cost data relate to the manufacturing activities of the Kamas Company during the most recent year:
The company uses a predetermined overhead rate to charge overhead cost to production. The rate for the year just completed was $4.00 per machine-hour; a total of 6,000 machine-hours were recorded for the year.
Required:
a. Compute the amount of underapplied or overapplied overhead cost for the year just ended.
b. Prepare a schedule of cost of goods manufactured for the year.