Calculate manufacturing overhead rate per machine hour 2 How much manufacturing overhead would Optic Vision have applied to jobs to 30 November? 3 How much manufacturing overhead would be applied to jobs by Optic Vision during December? 4 Determine the amount by which the manufacturing overhead is overapplied or underapplied as at 31 December

Calculate manufacturing overhead rate per machine hour 2 How much manufacturing overhead would Optic Vision have applied to jobs to 30 November? 3 How much manufacturing overhead would be applied to jobs by Optic Vision during December? 4 Determine the amount by which the manufacturing overhead is overapplied or underapplied as at 31 December. 5 Determine the balance in Optic Vision's finished goods inventory account on 31 December 6 Prepare a schedule of cost of goods manufactured for Optic Vision for the year (Hint In calculating the cost of direct material used. remember that Optic Vision includes both direct and indirect material in its raw material inventory account ) 7 How much total cost of completed Jobs T11-007. N11-013 and N11-015? 8 Management accountant of Optic Vision. Sam has noticed that some competitors have adopted ABC method for manufacturing overhead cost Sam believes Optic Vision should also change its costing method Provide support for Sam's proposed change