2. Svenson Company is a manufacturing company that produces and sells a single product. During 2021 the company manufactured 90,000 units and sold 100,000 units. WIP inventory on January 1,2021 was $60,000 and WIP inventory on December 31,2021 was $70,000 Other related information in the 2021 is as follows (in totals): Overhead is applied to the products using the cost drivers both DL hours and machine hours. The cost accountant of the company investigated overhead costs and found that 60% of the total overhead can be represented by the machine hours cost driver and 40% by DL hours This year 2,000 DL hours and 4000 machine hours have been spent. REQUIRED: a. Find the overhead application rates for the year 2021. (20 points) b Prepare a cost of goods manufactured statement ( 20 points). c Find the manufacturing cost per unit (10 points) d Prepare an income statement if the product sales price is $15 per unit. (10 points) 3. The folowing table shows direct materaffpuroplases and issues of the Trap Company between the dates January 1 and 31 . Calculate the cost of direct materials issued and inventoried in the table form. Use the method FIFO (first in first out) ( 15 points)