Gitano Products operates a job-order costing system and applies overhead…

 Gitano Products operates a job-order costing system and applies overhead…

Required:

a) Compute the Predermined overhead rate for the year.

b) Compute the amount of underapplied or overapplied overhead for the year.

c ) Prepare the schedule of cost of goods manufactured for the year. Assume all raw material used in production as direct material.

d) Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer.

e) Assume that the $36000 ending balance in work in process includes $8000 of direct materials. Given this assumption, supply the information

of Direct Labor. Gitano Products operates a job-order costing system and applies overhead…