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1.Determine the Allocated Factory Overhead cost for the month of August for Ford using the following information. The allocation base is direct labor costs.Estimated Direct Labor Used yearly: $125,000Estimated Indirect Costs (factory overhead) yearly: $62,500Direct Labor Used during August: $55,000 2.Wilson Sports manufactures leather footballs in their factory. Identify each of the following as a Direct Material, Direct Labor or Factory Overhead example for Wilson’s football production:Thread for footballs Direct MaterialEmployee putting completed footballs in a box ________Factory foreman’s salary ________Leather for footballs ________Factory utilities ________3.Compute Cost of Goods Manufactured using the following information:Direct Materials Used: $30,000 Factory (Manufacturing) Overhead: $4,000 Beginning Work in Process Inventory: $10,000 Ending Work in Process Inventory: $3,000Direct Labor: $20,000 Finished Goods Inventory: $13,000
