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Hershey Company uses a job order costing system and applies manufacturing overheads on the basis of...

Hershey Company uses a job order costing system and applies manufacturing overheads on the basis of direct labor cost. Total manufacturing overhead was estimated to be $142,595 for the year; direct labor was estimated to total $150,100.

(1/1) (12/31)
Raw Materials Inventory $ 14,200 $ 9,400
Work in Process Inventory $ 20,000 $ 22,700
Finished Goods Inventory $ 42,500 $ 31,300


The following transactions have occurred during the year.

Raw materials purchases $ 111,000
Direct materials used $ 104,500
Direct labor $ 126,800
Indirect materials used $ 11,300
Indirect labor $ 16,300
Factory equipment depreciation $ 27,100
Factory rent $ 21,700
Factory utilities $ 9,100
Other factory costs $ 6,900

(a) Calculate the predetermined overhead rate.



(b) Calculate cost of goods manufactured.



(c) Calculate the over- or underapplied overhead. (Input the amount as positive value.)



(d) Calculate adjusted cost of goods sold.

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