Froya Fabrikker A/S fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor- Its predetermined overhead rate was based on a cost formula that estimated $372,000 of manufacturing overhead for an estimated allocation base of 1,200 direct labor-hours. The following transactions took place during the year: a. Raw materials purchased on account, $240,000. b. Raw materials used in production (all direct materials), $225,000 C. Utility bills incurred on account, $67,000 (95% related to factory operations, and the remainder related to selling and administrative activities). d. Accrued salary and wage costs: Direct labor (1,275 hours) Indirect labor $270,000 98,000 Selling and administrative salaries$150,000 e. Maintenance costs incurred on account in the factory, $62,000 f. Advertising costs incurred on account, $144,000 g Depreciation was recorded for the year S8 0 85% related to factory equipment and the remainder related to sel and administrative equipment) h. Rental cost incurred on account, $105,000 90% related to factory facilities, and the remainder related to se i gandad i istrative facilities) i. Manufacturing overhead cost was applied to jobs, si- j. Cost of goods manufactured for the year, $850,000 k. Sales for the year (all on eccount) totaled $1,600,000. These goods cost $880,000 according to their job cost sheets