I need help finishing C. and D. (answers get inputed into the yellow rectangles)

Thanks!

14 EMPLOYEES: (one coch) Supervisor Measurer (uses the pencil and ruler) Cutter (uses the scissors) Assemble (uses the glue) MANUFACTURING SIMULATION: Sheets of material used: Number of Quilts made: White 15 Yellow: 23 Blue: 28 COST VARIABLES: Use these numbers for the variables in the table of Section A below. 655 112 S. A The following production estimates were made for the coming years Total quilts to be produced Total manufacturing hours available during the year Total direct laborers 20,000 2,000 3 The following cost estimates were available at the beginning of the year. Use these estimates to determine total estimated manufacturing overhead during the year Une variables from above for the blanks Estimate for Year Production supervisor earns $1,000 per week S 52.000.00 Classroom rent is $ per month 7,860.00 Utlitias couts par quarter 2,620.00 Pencils cost $2.00 with a useful life of 20 hours 200.00 Scissors cost with a useful life of 80 hours 2.300.00 Rulers cont $1") with a useful life of hours 2,320.00 Glue cost "cento per quilt 11.500.00 Total Estimated Manufacturing Overhead $ 79 400.00 Calculate the predetermined Overhead Rate (POHR) to be used during the year to allocate manufacturing overhead to jobs and Work In Process Inventory -152/CH3THAON s 13.23 56 per DLH c. Complete the following job cost sheet for your in-class job: Job Cost Sheet Direct Materials Sheets Cost per Sheet Total White material 15 $ 2.00 $ 30.00 Blue material 28 4.00 112.00 Yellow material 23 4.00 92.00 $ 234.00 Direct Labor Hours 6 7 8 59 FO 71 72 73 74 75 76 77 78 79 Measuring labor Cutting labor Assembly labor Total 0.40 0.40 0.40 1.20 Rate per Hr. Total $ 14.00 $ 5.60 12.00 4.80 16.00 6.40 $ 16.80 Manufacturing Overhead Predetermined OH Rate DLH Used Total Total Job Cost Number of Quilts Cost per Quilt 14 80 81 82 0. Answer the following questionat 1. If you decide to charge the bookstore cost plus 40% for the quilts. the selling price for one quiltis Use your answers from Bl and the job cost sheet above to answer questions 2.5 2. If you sold all but one of the quilts you made total sales revenue would be 3. If you sold all but one of the quilts you made the cost of goods sold would be 4. If you sold all but one of the quilts you made, finished goods inventory would be: 9 5. If you sold all but one of the quilts you made your total gross profit would be 0 Use the following to answer questions 6-9 1 Asume you mistakenly treated the cost of production labor as a period cost operatit pense) 02 and you sold all but one of the quilts you made for the same price calculated in what is 33 rewaltinetect on the following financial Matement elements 30 Assets Select one Understated Overstated No Effect 5 Cost of Goods Sold Select one Understated Overstated No Effect 96 Gross Profit Select one Understated Overitated No Effect 97 Net Income Select one Understated Overstated No Elect 10 Assume that during the year your production workers actually worked a total of 6,250 hours Manufacturing overhead allocated to all jobs during the year would be 100 Use your answer in 110 and the following information to answer questions 11 and 121 101 Assume that year and it was determined that actual manufacturing overhead totaled $64.800 102 11 Manufacturing overhead would be Select Overallocated Underlocated 139 12. By how much? 104 Assume that the amount in #12 is not considered material and most of the guilts have been 105 sold 106 11. Which income statement account would be adjusted for the overallocated of anderallocated overhead? Type complete name, no abbreviations or acronym Enter accountries 100 14 Would the account bancreased or decreased? Select one Increase Decrease