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Complete this question by entering your answers in the tabs below. Compute the activity rates for the activity cost pools. (Round your answers to 2

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Complete this question by entering your answers in the tabs below. Compute the activity rates for the activity cost pools. (Round your answers to 2 decimal places.) Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materlals): nventory balances at the beginning and end of the year were as follows: The total manufacturing costs added to production for the year were $685,000; the cost of goods avallable for sale totaled $745,000 ihe unadjusted cost of goods sold totaled $662,000; and the net operating income was $40,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Requlred: Prepare schedules of cost of goods manufactured and cost of goods sold and an Income statement. (Hint: Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) Complete this question by entering your answers in the tabs below. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. The company recently completed a 400 square foot carpet-cleaning job at the Flying N Ranch-a 53-mile round-trip joumey from the company's offices in Bozeman. Compute the cost of this job using the activity-based costing system. (Round your intermediate calculations and final answer to 2 decimal places.- Complete this question by entering your answers in the tabs below. The revenue from the Flying N Ranch was $96.00 (400 square feet $24.00 per hundred square feet). Calculate the customer margin earned on this job. (Negative customer margins should be indicated with a minus sign. Round your intermediate calculations and final answers to 2 decimal places.)

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