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0 Required information [T he following information applies to the questions displayed below. ] Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. Costs 1. Plastic for casing$18,000 2. Wages of assembly workers$91,000 3. Property taxes on factory$7,000 4. Office accounting salaries$43,000 5. Drum stands$33,000 6. Rent cost of office for accountants$24,000 7. Office management salaries$120,000 8. Annual fee for factory maintenance$15,000 9. Sales commissions$23,000 10. Factory machinery depreciation, straight1ine$46,000 2. Compute the average manufacturing cost per drum set. Manufacturing costs Plasticforcasina Total manufacturing costs Required information [The following information applies to the questions displayed below. ] Bergo Bay's accounting system generated the following account balances on December 31. The company's manager knows something is wrong with this list of balances because it does not show any balance for Work in Process Inventory, and the accrued factory payroll (Factory Wages Payable) has not been recorded. Debit Credit Cash $ 69,000 Accounts receivable 38,000 Raw materials inventory 24,000 Work in process inventory 0 Finished goods inventory 15,000 Prepaid rent 5,000 Accounts payable $ 9,700 Notes payable 12,700 Common stock 50,000 Retained earnings (prior year) 87,000 Sales 189,600 Cost of goods sold 117,000 Factory overhead 27,000 General and administrative expenses 54,000 Totals $ 349.000 $ 349,000 These six documents must be processed to bring the accounting records up to date. Materials requisition 10: $ 4,000 direct materials to Job 402 Materials requisition 11: $ 7,300 direct materials to Job 404 Materials requisition 12: $ 2,300 indirect materials Labor time ticket 52: $ 8,000 direct labor to Job 402 Labor time ticket 53: $ 12,000 direct labor to Job 404 Labor time ticket 54: $ 5,000 indirect labor Jobs 402 and 404 are the only jobs in process at year-end. The predetermined overhead rate is 100% of direct labor cost. 2-a. In Factory Overhead T-account, enter amounts from part 1 related to factory overhead. Determine the amount of over- or underapplied overhead. 2-b. Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Req 2A Req 2B In Factory Overhead T-account, enter amounts from part 1 related to factory overhead Determine the amount of over- or underapplied overhead. Factory Overhead Actual overhead (given) 12,700 20,000 Overhead applied Indirect materials 2,300 Indirect labor 5,000 Underapplied overhead