1(25 Marks)BarberCompany, a small manufacturer has the following accountson August31, 2021Administrative salaries$155,000Advertising expense$138,000Rent$250,000Depreciation factory equipment$150,000Direct labour $290,000Raw materials, beginning of year$25,000Sales$1,000,000Raw materials, end of year$25,000Finished goods, beginning of year$20,000Finished good, end of year$580,000Insurance expense$80,000Raw material purchases$235,000Sales salaries$80,000Repairs and maintenance factory$130,000Work in process, beginning inventory$94,000Work in process, ending inventory$80,00010% of rent is for the office building the remainder is for the manufacturing plant.80% of Insurance is for Administrative purposes, the remainder is for factory items.Required:Prepare a Schedule of Cost of Goods Manufactured for the monthin good format.(15 Marks)Prepare a Partial Statement for the Cost of Goods sold. (5 Marks)Prepare an Income Statement. (5 Marks)FINALEXAMINATION(PART 2)FINC0200 Introductory Accounting for Business Examination: FINC0200(Part 2)2| P a g e

2nd bararberCompany keeps detailed records of maintenance expense. Januaryhad the highest level of activity with 250,000 units and Octoberhad the lowest level of activity with only 180,000 units produced. Maintenance expense for Januarywas $80,000 and for Octoberit was $59,700. The average maintenance cost for the year was $80,700 and the predetermined overhead rate was $6.50per unit produced. Show all your calculations for the following questions:a)Using the High-Low method calculate the fixed cost and thevariable rate. Round the variable rate to 2 decimal points. (5 marks)b)Show the cost equation for maintenance expense. (2.5 Marks)c)If the expected production is estimated to be 300,000 units what would be the estimated