Dream Makers is a small manufacturer of gold and platinum jewelry. It uses a job costing system that applies overhead on the basis of direct labor hours. Budgeted factory overhead for the year was $455,600, and management budgeted 33,500 direct labor-hours. The company had no Materials, Work-in-Process, or Finished Goods Inventory at the beginning of April. These transactions were recorded during April: a. April insurance cost for the manufacturing property and equipment was $1,800. The premium had been paid in January b. Recorded $1,025 depreciation on an administrative asset c. Purchased 21 pounds of high-grade polishing materials at $16 per pound (indirect materials). d. Paid factory utility bill, $6,510, in cash. e. Incurred 4,000 hours and paid payroll costs of $160,000. Of this amount, 1,000 hours and $20,000 were indirect labor costs f. Incurred and paid other factory overhead costs, $6,270. g. Purchased $24,500 of materials. Direct materials included unpolished semiprecious stones and gold. Indirect materials included supplies and polishing materials. h. Requisitioned $18,500 of direct materials and $1,600 of indirect materials from Materials Inventory i. Incurred miscellaneous selling and administrative expenses, $5,660 J. Incurred $3,505 depreciation on manufacturing equipment for April. k. Paid advertising expenses in cash, $2.650 L Applied factory overhead to production on the basis of direct labor hours. m. Completed goods costing $64,000 during the month n. Made sales on account in April, $57,410. The Cost of Goods Sold was $47,860.