4 Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a j hours. Its predetermined overhead rate was based on a cost formula that estimated $329.000 of manufacturing overhead for an estimated allocation costing system that applies manufacturing overhead cost to jobs on the basis of direct labor- base of 940 direct labor-hours. The following transactions took place during the year a. Raw materials purchased on account, $205.000 b. Raw materials used in production (all direct materials). $190,000 e Utary bil S incurred on account S60000 90% related to tactory operations, and the remainder related to selling and administrative Print References d. Accrued salary and wage costs s 235,000 e. Maintenance costs incurred on account in the factory $55.000 g. Depreciation was recorded for the year, se sooo (70% related to factory equipment, and the remainder related to selling and n Rental cost incurred on account, Smo oo (75% related to factory facilties, and the remainder related to selling and administrative facilities) L Manufacturing overhead cost was applied to jobs. S2 J. Cost of goods manufactured for the year, $780,000 k. Seles for the year (all on account) totaled $1250,000. These goods cost 5810000 according to their job cost sheets