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Hi, please help me figure out this question, it is a question about managerial accounting, thank you for your help! Question 1 Baab Corporation is

Hi, please help me figure out this question, it is a question about managerial accounting, thank you for your help!

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Question 1 Baab Corporation is a manufacturing firm that usesjob-order costing The company's inventory balances were as follows at the beginning and end of the year: Raw materials Work in process Finished Goods Beginning Balance $ $ $ 14,800 3 27,800 3 62,800 3 Ending Balance 22, 800 9800 77, 800 8 points Save Answer The company applies overhead tojobs using a predetermined overhead rate based on machine-hours. At the beginning ofthe year, the company estimated that it would work 33,800 machinehours and incur $290,680 in manufacturing overhead cost The following transactions were recorded for the year: Raw materials were purchased, $315,800. Raw materials were requisitioned for use in production, $307,800 ($280,200 direct and $27,600 indirect) The following employee costs were incurred: direct labor, $377,800; indirect labor, $96,800; and administrative salaries, $172,800 Selling costs, $147,800 Factory utility costs, $10,800. Depreciation for the year was $175,000 of which $170,000 is related to factory operations and $5000 is related to selling, general, and administrative activities Manufacturing overhead was applied tojobsl The actual level of activity for the year was 34,160 machine-hours. Sales forthe year totaled $1,310,000. Required: Do not enter any commas (except for the pre-determined OH rate) and round to the nearest dollar Based on the data presented above, complete the following Table Pre-Deten'nined OH Rate (round to 2 decimal 5 places) Direct Materials used in Production 5 Direct Labor $377,800 Total Manufacturing Costs 3 Cost of Goods Manufactured $ Adjusted Cost of Goods Sold 5 Total Selling and Admin Exp $325,600 Operating Income $

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