D Question 7 5 pts Question B: Cost Accounting System / Normal Costing GoRebs Company (GRC) produces elegant Speeder! bobbleheads using a sophisticated 3D printing manufacturing process. GRC uses a normal costing system and machine hours (MH) to apply overhead to production. Any manufacturing overhead variance is closed to COGS at the end of the year. GRC sold 450,000 bobbleheads during the past calendar year. The bobbleheads sell for $45 each. GoRebs Company's accounting records provide the following information for the past year: Estimated Manufacturing Overhead $ 450,000 Estimated direct labor hours 50.000 direct labor hours (DLH) Estimated machine hours 90,000 machine bours (MH) Actual direct labor hours 55.000 direct labor hours (DLHS) Actual machine hours 85,000 machine hours (MH) Purchases of direct materials Direct materials inventory, January 1 Direct materials inventory, December 31 Direct labor dollars Maintenance on factory equipment Depreciation, sales headquarters Depreciation, factory equipment Property taxes on the factory Property taxes on sales headquarters Utilities, factory Utilities, sales headquarters Insurance on the factory Salary, sales supervisor $ 350,000 $ 15,000 $ 40.000 $ 725.000 $ 145,000 $ 30,000 $ 55,000 $ 22,000 $ 16,000 $ 128,000 $ 1.900 $ 17.000 $ 90,000 85,000 machine hours (MH) Purchases of direct materials Direct materials inventory, January 1 Direct materials inventory, December 31 Direct labor dollars Maintenance on factory equipment Depreciation, sales headquarters Depreciation, factory equipment Property taxes on the factory Property taxes on sales headquarters Utilities, factory Utilities, sales headquarters Insurance on the factory Salary, sales supervisor Commissions, salespersons Salary, Administration Work in process inventory, January 1 Woric in process inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 Effective tax rate $ 350,000 $ 15,000 $ 40,000 $ 725.000 $ 145,000 $ 30,000 $ 55,000 $ 22,000 $ 16,000 $ 128,000 $ 1.900 $ 17.000 $ 90.000 1.5% of sales $ 150,000 $ 25,000 $ 45,000 $0 Iso 30% Question B: Part 1 How much is Cost of Goods Manufactured for GoRobs Company? 51.396,500 51397.000 O $1.425.000 309 Question B: Part 1 How much is Cost of Goods Manufactured for GoRebs Company? $1,396,500 O $1.397,000 $1.425,000 O $1,455,000 $1.495,000 D Question 8 5 pts Question B: Part 2 How much is Adjusted Cost of Goods Sold for GoRebs Company? $1,396,500 $1,397,000 $1455.000 $175.000 $195,000 3pts Question 9 Question 9 5 pts Question B: Part 3 How much is Operating Income (before tax) closest to for GoRebs Company? O $864,350 $1.987,350 $12,782,350 $18,261350 O $23,961350 Question 10 5 pts Question B: Part 4 How much Net Income latter tax) for GoRebs Company? 5864.945 O 51.987.945 $12,72.945 $10.261.945 $23,061,945