a was corporatoon in a marne thocturer that unes yob ander contrye. For the current year, the compary's predetermined overhead rate was besed on a cost formuta that estimated $450,000 of total manufecis level of 76,000 machinehours. The following transactions were recorded for the year: - Raw materials were purchased on account, $410,000. Raw materials were requisitioned for use in production, 5380,000(5360,000 direct materials and $20.000 indirect materials). The following costs were accrued for employee services: direct labor, $75,000 : indirect labor, $110,000; sales commissions, $90,000; and administrative salaries, $200,000. Sales travel costs were $17,000. Utility costs in the factory were $43,000. Advertising costs were $180,000. Depreciation was recorded for the year, $350,000 (80\% relates to factory operations, and 20% relates to selling and administrative activities). Insurance expired during the year, $10,000 (70\% relates to factory operations, and the remaining 30% relates to selling and administrative activities). Manufacturing overhead was applied to production. Due to greater than expected demand for its products, the company worked 80,000 machine-hours on all jobs during the year. Goods costing $900,000 to manufacture according to their job cost sheets were completed during the year. Goods were sold on account to customers during the year for a total of $1,500,0 The goods cost $870,000 to manufacture according to their job cost sheets