1.
Identify the amount of direct materials that is issued for production during the year 2012.
2.
Identify the amount of manufacturing overhead allocated to jobs during 2012.
3.
Identify the total cost of jobs that are completed during 2012.
4.
Identify the balance of work-in-process inventory as on December 31, 2012.
5.
Identify the amount of cost of goods sold before the proration of under or over allocated overhead.
6.
Compute the over or under allocated manufacturing overhead in 2012.
7.
Dispose the under allocated overhead by writing off to the cost of goods sold.
8.
Compute the operating income for the year 2012.
9.
Explain the alternative method that is used for disposing the under allocated overhead and the way in which the alternative method has been affected the operating income and indicate the method that would be recommended for Company S.
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Chapter 4 Solutions
Managerial Accounting
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