3. (18%) Consider the following items A. Tomatoes used in the manufacture of Hunts ketchup B. Administrative salaries of executives employed by Jet Blue Airlines C. wages ofassembly-line workers at a Ford plant D. Marketing expenditures of the Atlanta Braves baseball club E. Commissions paid to Coca-Cola's salespeople F. Straight-line depreciation on manufacturing equipment owned by Dell Computer G Shipping charges incurred by Office Depot on out-going orders H. Speakers used in Sony home-theater systems I. Insurance costs related to a Mary Kay Cosmetics' manufacturing plant Complete the table that follows and classify each of the costs listed as (1) a product or period cost and (2) a variable or fixed cost by placing an "X" in the appropriate column or Period Cost Item Product Period VariableFixed 4" (17%) A review of the records of Pilgrim, Inc, a new company, disclosed the following year-end information Mamfacturing Overhead account: Contained debits of $872,000, which included Work-im-Process Iinventory account. Contained charges for overhead of $875,000 $20,000 of sales commissions account Contained a year-end debit balance of $3,680,000, This amount was computed prior to any year-end adjustment for under- or Cost-of Goods-Sold Pilgrim applies manufacturing overhead to production by using a predetermined rate of $20 per machine hour. Budgeted overhead for the period was anticipated to be $900,000 A. Determine the actual manufacturing overhead for the year B. Determine the amount of manufacturing overhead applied to production. C. Is overhead under- or overapplied? By how much? D Compute the adjusted cost-of-goods-sold figure that should be disclosed on the company's income statement. E. How many machine hours did Pilgrim actually work during the year? F. Compute budgeted machine hours for the year