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 $72,0:00 $65,000 Work in Progress $138,875 $129,125 Finished Goods $149-500 $141,700 Other information: Sales Revenue $1,694.950 Factory Labour 239.700 Raw Materials Purchased 235.000 Office Clemner's Wages 4.500 Factory Supplies Used 21.500 Depreciation: Factory Plant & Equipment 32.000 Total Utilities " 118,750 Plant Supervisor's Salary 180,000 Design Costs (School Logo] 1-300 Packaging Material Cost 15.000 Total Insurance 60,000 Delivery Vehicle Drivers' Wages 41,250 Depreciation: Delivery Vehicle 7.250 Property Taxes 3 105,000 Administrative Wages & Salaries 121.350 Sales Commission 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) e) 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. (712 marks) () What is the selling price per crest if All School Logos & More manufactured 2,Boo crests for Hill Point High School for the quarter under review and uses a mark-up of 50% on cost? (2 marks) 2) 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? (212 marks)