Answer completley

- The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 33,800 machine-hours and incur $290,680 in manufacturing overhead cost. The following transactions were recorded for the year: - Raw materials were purchased, $315,800 - Raw materials were requisitioned for use in production, $307,800 ( $280,200 direct and $27,600 indirect). - The following employee costs were incurred: direct labor, $377,800; indirect labor, $96,800; and administrative salaries, $172,800 - Selling costs, $147,800. - Factory utility costs, \$10,800. - Depreciation for the year was $175,000 of which $170,000 is related to factory operations and $5,000 is telated to selling. general, and administrative activities. - Manufacturing overhead was applied to jobs. The actuol level of activity for the yeor was 34,160 machine-hours. - Sales for the year totaled $1,310,000. Required: a. Prepare a schedule of cost of goods manufactured. b. Was the overhead underapplied or overapplied? By how much? c. Prepare an income statement for the year. The company closes any underapplied or overapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the table below. Required: a. Prepare a schedule of cost of goods manufactured. b. Was the overhead underopplied or overapplied? By how much? c. Prepare an income statement for the yeat. The comipany closes any underapplied or overappiled overhead to Cost of Goods Sold. Complete this question by entering your answers in the table below. Prepare a schedule of cost of goods manufactured, Required: a. Prepare a schedule of cost of goods manufactured. b. Was the averhead underapplled or overapplied? By how much? c. Prepare an income statement for the yeat, The company closes any underapplied or overapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the table below. Was the overhead underapplied or overapplied? By how much? - Sales for the year fotoled $1,310.000. Required: a. Prepare a schedule of cost of goods manufactured. b. Was the overhead underapplied or overapplied? By how much? c. Prepare an income statement for the year. The company closes any underapplied or overnpplied overhesd to Cost of Goods Sald Complete this question by entering your answers in the table below. Prepare an income statement for the year. The company closes any underapplied or overapplied overnesd to Cost of Goods Soldi