Christian Wolff Enterprises keeps several artists and interns on staff to create special made to order blown glass artwork for high income clients. The company operates on a calendar year and uses job order costing since each job is unique.a. Exhibit 1 shows a post-closing trial balance as of December 31, 2019.b. Exhibit 1 also shows subsidiary ledgers for the Finished Goods Account (a piece for the Jones family and a piece for the Xiong family). You are also given detail of the Materials accounts.c. The company uses a plantwide predetermined overhead rate of 150% of direct labor costs.1. Review the materials requisitioned (below) for the new product you have been commissioned to make for the Catt family.DescriptionUnits

RequisitionedUnit CostTotalSilicon dioxide35$8.00$280.00Action Items: Record the journal entry for the materials issued;

Update Job Cost Sheet (round to the nearest cent)Alumina1$10.00$10.00Magnesia2$12.00$24.00Boron oxide0.5$19.00$9.50Lead oxide0.75$25.00$18.75Soda0.1$20.00$2.00Lime0.15$21.00$3.15Silver0.31$35.00$10.85Copper0.1$28.00$2.80Manganese0.05$18.00$0.90Chorium0.03$25.00$0.75Total$362.702. Assume you worked on this one product. An analysis of Time Cards for the Employees showed the following:Action items: Record the journal entry for the wages;

Update Job Cost Sheet (round to nearest cent)- Direct Laborer (you) assume 40 hours @ $25 per hour- Supervisor$870Assume FICA rates are 6.2% + 1.45% = 7.65% and Employee Income Tax Withholding is at 10% of wages. Assume FUTA and SUTA rates of 4% and 1% respectively on the first $10,000 of wages.