6. The following data reflect activity for the year 2019 of ABC Manufacturing Company: Costs incurred (Actual) Purchases of direct materials in cash $80,000 Direct manufacturing labor cost 50,000 Indirect labor 3,000 Depreciation, factory equipment 15,000 Miscellaneous factory overhead 3,000 Costs budgeted: Purchases of direct materials $90,000 Direct manufacturing labor cost 50,000 Indirect labor 5,000 Depreciation, factory equipment 15,000 Miscellaneous factory overhead 7,000 ABC Co. uses a normal costing system and allocates overhead to work in process using direct machine-hour(Allocation Base). Budgeted Machine-hours for 2019 were 13,500, while actual total machine-hours for 2019 was 12,500. a. Compute the budgeted manufacturing overhead rate. b. The job-cost record for a specific Job contained the following information: Direct materials used $10,000 Direct manufacturing labor costs $6,000 Machine-hours 2,000 Compute the total cost of the above job using normal costing. c. Prepare journal entries to record the transactions for 2019 including an entry to close out over- or under-allocated overhead to cost of goods sold