Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. (The Norwegian currency is the krone, which is denoted by Nkr.) The company uses a job-order costing system and applies manufacturing overhead cost to jobs on the basis of direct labor-hours. At the beginning of the year, the following estimates were made for the purpose of computing the predetermined overhead rate: manufacturing overhead cost, Nkr 284,000; and direct labor- hours, 710. The following transactions took place during the year (all purchases and services were acquired on account): a. Raw materials were purchased for use in production, Nkr 142,200. b. Raw materials were requisitioned for use in production (all direct materials), Nkr 149,900. c. Utility bills were incurred, Nkr 21,000 (90% related to factory operations, and the remainder related to selling and administrative activities). d. Salary and wage costs were incurred: Direct labor (975 hours) Indirect labor Selling and administrative salaries Nkr 216,100 Nkr 90,200 Nkr 145,000 e. Maintenance costs were incurred in the factory, Nkr 15,100. f. Advertising costs were incurred, Nkr 129,800. g. Depreciation was recorded for the year, Nkr 49,800 (80% related to factory equipment, and the remainder related to selling and administrative equipment). h. Rental cost incurred on buildings, Nkr 89,800 (85% related to factory operations, and the remainder related to selling and administrative facilities). i. Manufacturing overhead cost was applied to jobs, Nkr 2. j. Cost of goods manufactured for the year, Nkr 590,100. k. Sales for the year (all on account) totaled Nkr 1,000,400. These goods cost Nkr 600,200 according to their job cost sheets. The balances in the inventory accounts at the beginning of the year were as follows: Raw materials Work in process Finished Goods Nkr 18,300 Nkr 24,200 Nkr 35,300 Requirement 1: Prepare journal entries to record the preceding data. (Omit the "Nkr" sign in your response.) Debit Credit General Journal a. (Click to select) (Click to select) b. (Click to select) (Click to select) C. (Click to select) (Click to select) (Click to select) d. (Click to select) (Click to select) (Click to select) (Click to select) e. (Click to select) (Click to select) f. (Click to select) (Click to select) g. (Click to select) (Click to select) (Click to select) h. (Click to select) (Click to select) (Click to select) LILLLLL i. (Click to select) (Click to select) j. (Click to select) (Click to select) k. (Click to select) (Click to select) (Click to select) (Click to select) Requirement 2: Post your entries to T-accounts. (Don't forget to enter the opening inventory balances above.) Determine the ending balances in the inventory accounts and in the Manufacturing Overhead account. (Record the transactions in the given order. Omit the "Nkr" sign in your response.) Accounts Receivable (Click to select) Sales (Click to select) y Raw Materials (Click to select) Bal. (Click to select) Bal. Cost of Goods Sold (Click to select) Work in Process (Click to select) Bal. (Click to select) (Click to select) (Click to select) Bal. Manufacturing Overhead (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Bal. Finished Goods (Click to select) Bal. (Click to select) Bal. Advertising Expense (Click to select) Accumulated Depreciation (Click to select) Utilities Expense (Click to select) Accounts Payable (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Salaries Expense (Click to select) Depreciation Expense (Click to select) Salaries & Wages Payable (Click to select) Rent Expense (Click to select) Requirement 3: Prepare a schedule of cost of goods manufactured. (Omit the "Nkr" sign in your response.) Froya Fabrikker A/S Schedule of Cost of Goods Manufactured Direct materials: (Click to select) (Click to select) (Click to select) (Click to select) Materials used in production (Click to select) (Click to select) Total manufacturing cost (Click to select) : (Click to select) (Click to select) V: (Click to select) Cost of goods manufactured Requirement 4: Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold. Prepare a schedule of cost of goods sold. (Omit the "Nkr" sign in your response.) Debit Credit General Journal (Click to select) (Click to select) Schedule of cost of goods sold (Click to select) (Click to select) : (Click to select) (Click to select) (Click to select) : (Click to select) (Click to select) (Click to select) : (Click to select) Adjusted cost of goods sold Requirement 5: Prepare an income statement for the year. (Input all amounts as positive values. Omit the "Nkr" sign in your response.) Froya Fabrikker A/S Income Statement (Click to select) (Click to select) (Click to select) Selling and administrative expenses: (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Requirement 6: Job 412 was one of the many jobs started and completed during the year. The job required Nkr 3,100 in direct materials and 30 hours of direct labor time at a total direct labor cost of Nkr 6,649. The job contained only four units. If the company bills at a price 75% above the unit product cost on the job cost sheet, what price per unit would have been charged to the customer? (Round your intermediate calculations to whole numbers and the final answers to 2 decimal places. Omit the "Nkr" sign in your response.) Price charged for Job 412 Nkr per unit