Determine and Use Overhead Rate The following selected ledger accounts of Cameron Company are for February (the second month of its accounting year): a. Determine the amount of indirect material requisitioned for production during February. ! b. How much indirect labor cost was apparently incurred during February? ! c. Calculate the manufacturing overhead rate based on direct labor cost. % d. Was manufacturing overhead for February under- or overapplied, and by what amount? Manufacturing overhead was by 9 for February. e. Was manufacturing overhead for the first two months of the year under- or overapplied, and by what amount? Manufacturing overhead was by 5 x for the first two months. f. What is the cost of production completed in February? $ g. What is the cost of goods sold in February? $
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