Answer one of the following questions (10 marks): t. The selected data that follow relate to the XYZ Company Raw material purchased Direct material used Direct labor $160.000 79,000 170,000 90,000 Manufacturing overhead applied Required: During the year, products coating $310,000 were completed. Prepare joumal entries to record the preceding transactions and events. The company uses a perpetual inventory system. 2 ABC company currently manufactures a subassembly for its main product. The costs per unit are as follows: $1.00 10.00 Direct materials Direct labor Variable overhead Fixed overhend 5.00 8.00 Total $24.00 Bill Company has contacted ABC company with an offer to sell them 5,000 of the subassemblies for $22.00 each. ABC company will eliminate $25,000 of fixed overhead if it accepts the proposal. Requirement: (a) What are the total relevant costs for ABC company? (b) Should ABC company make or buy the subassemblies? Explain your