es/57062 Use the following Information to Answer the Questions Below. Our Business had the following costs and Balances For the Year Ended December 31st, 1. Begin Raw Materials=$22,000 2. Raw Materials Purchased=$155,000 3. Raw Materials Used In-Directly=$24,000 4. Raw Materials Used Directly into BMX Bikes $40,000 5. Raw Materials Used Directly into Mtn Bikes=$90,000 6. Begin Work-in-Process Costs BMX=ZERO 7. Begin Work-in-Process Costs Mtn Bikes=$38,000 8. Direct Labor Costs for BMX=$80,000 9. Direct Labor Costs for Mtn Bikes=$190,000 10. Finance Costs = $35,000 11. Factory Equipment = $88,000, CPA Costs=$55,000 12. Factory Tools = $25,000, In-Direct Factory Labor=$33,000, 13. Marketing Costs =$18,000, Factory Rent =$67,000 14. Manufacturing Overhead is Charged to Jobs using an MOH Rate of 180% of Direct Material Costs 15. BMX Bikes Unit Details are shown Below; . 1,200 Units were Fully Completed during the Month. 500 Units were partially completed (End WIP Units are 80% complete for DM, DL, MOH) 1,100 Units were sold to Target with a 50% Markup over Cost. 16. Mountain Bikes (Mtn) Unit Details are shown Below; 3,000 Units Fully Completed during the Month. 1,000 Units were partially completed (End WIP Units are 20% Noun Macbook air 16. Mountain Bikes (Mtn) Unit Details are shown Below; . 3,000 Units Fully Completed during the Month. . 1,000 Units were partially completed (End WIP Units are 20% complete for DM, DL, MOH) 3,000 Units were sold to Target with a 40% Markup over Cost. QUESTIONS 1. Compute the Ending Balance in the Raw Materials Account at Year End 2. Compute the Total Manufacturing Overhead Applied during the Year- 3. Compute the Actual Manufacturing Overhead Costs Incurred for the Year= 4. Compute the Manufacturing Overhead Dollar Account Balance at Year End = 5. Is the MOH Balance OVER or UNDER Applied ? = USE all Capital Letters. 6. Compute the MOH Account Balance Variance Percent = . Show your Answer as a Percent out 2 Decimal Places. 7. Is the MOH Balance Reasonable using a 5% standard, YES or NO ? = USE all Capital Letters. Cut Taward De Cad.MYPH