4. Allocating manufacturing overhead to the 38,000 units produced. {4 points} 5. Incurrence of manufacturing overhead. Fixed manufacturing overhead was composed of $300,000 of depreciation on plant, property, and equipment and $101,000 of indirect labor. 'v'ariable manufacturing overhead of $155,100 was all utilities. {4 points] 6. Closing overhead accounts (recognize the variances). Actual Machine Hours worked were 13,300. {2 points} T. Completion of production on 38,000 units (no units left in WIP). [2 points] The standard costs for the Singapore division are as follows: Direct Material 3.5 lbs./unit x $5/lb. $17.50/unit Direct Labor 0.25 DLH/unit x $26/DLH 6.50/unit Variable Manufacturing Overhead 0.25 MH/unit x $12/MH 3.00/unit Fixed Manufacturing Overhead 0.3 MH/unit x $30/MH 9.00/unit Standard Cost per unit $36.00/unit Note: The fixed overhead rate per MH was computed as follows: $390,000/13,000 MH = $30/MH Note: MH = Machine Hours Required: Record all the necessary journal entries