All School Logos & More (ASLM) design and manufacture school uniform crests. After production, the crests are placed into individual plastic cases, before being transferred into Finished Goods. The accounting records of the business for the quarter to December 31, 2021, for the manufacturing of uniform crests for Hill Point High School are given below. Inventory 1/10/2021 31/12/2021 Raw Materials $72,000 $65,000 Work in Progress $138,875 $129,125 Finished Goods $149,500 $141,700 Other information: Sales Revenue Factory Labour Raw Materials Purchased Office Cleaner's Wages Factory Supplies Used Depreciation: Factory Plant & Equipment Total Utilities Plant Supervisor's Salary Design Costs (School Logo) Packaging Material Cost Total Insurance Delivery Vehicle Drivers' Wages Depreciation: Delivery Vehicle Property Taxes Administrative Wages & Salaries Sales Commission $1,694,950 239.700 235,000 4.500 23.500 32,000 118,750 180,000 4.300 35,000 60,000 41.250 7,250 105,000 123.750 2% of Net Profit before Commission *Of the total utilities, 80% relates to manufacturing and 20% relates to general and administrative costs. "Of the total insurance, 66%% relates to the manufacturing facilities & 33% relates to the office area The property taxes should be shared: 75% factory facilities & 25% general & administrative costs Required: a) Calculate the raw material used by All School Logos & More. (2 marks) b) What is the total factory overhead costs incurred by All School Logos & More during the period? (3 marks) c) Determine the prime cost & conversion cost of the School crests produced. (3 marks) d) Prepare a schedule of cost of goods manufactured for the quarter ended December 31, 2021, clearly showing total manufacturing cost & total manufacturing costs to account for. (5 marks) e) Prepare an income statement for personal All School Logos & More for the quarter ended December 31, 2021. List the non-manufacturing overheads in order of size starting with the largest. (7% marks) f) What is the selling price per crest if All School Logos & More manufactured 2,800 crests for Hill Point High School for the quarter under review and uses a mark-up of 50% on cost? (2 marks) g) Explain the difference between a product cost and a period cost. How does the product cost of a manufacturer differ from the product cost of a merchandiser? (2 marks) The only pless you will ever find exce of success before work is in the stationary" wild salmon Page 2