JOB #1 JOB #2 JOB #3 JOB #4 TOTAL 10,000 2,000 5,000 20,000 25,000 2,000 2,000 5,000 6,000 15,000 2,000 4,000 70,000 8,000 20,000 1,000 2,000 5,000 2,500 10,500 BUDGETED/ESTIMATED (CALCULATED JAN 2021) Direct Materials Salary for CEO and CFO Direct Labor Indirect Labor for Production Supervisors Rent, Insurance and Utilities on Production Factory Building Depreciation on Equipment Advertising of Company Products Direct Labor Hours 500 500 500 500 2,000 750 750 750 1,250 3,500 250 250 250 250 1,000 900 1,050 1,050 1,000 4,000 JOB #1 JOB #2 JOB #3 JOB #4 TOTAL ACTUALS (MARCH 2021) Direct Materials Direct Labor Manufacturing Overhead Period Costs 8,000 4,000 4,000 2,100 15,000 4,000 2,500 2,100 1,100 20,000 6,000 5,900 2,250 1,200 17,000 5,000 4,800 1,250 1,500 60,000 19,000 17,200 7,700 4,700 Direct Labor Hours 900 As Applicable, Round Answers to Two Decimal Places (eg, 12.50) 1. What was the Predetermined Manufacturing Overhead Rate used for Job #1? $ 2250 2. How much manufacturing overhead was applied for Job #3? $ 3. Was manufacturing overhead over-applied or under-applied for Job #4 (Answer Choices: OVER, UNDER, NEITHER)? 4. What was the Cost of Goods Manufactured for March 2021?$ 5. How much was recorded to Cost of Goods Sold during March 2021?$ 6. What amount of operating expenses were recorded during March 2021? $ 7. What was the total amount of Conversion Costs recorded for Job #3?$ 8. Which two accounts are used to record the journal entry for Direct Labor, assuming the employees have not yet been paid? 9. If the company had Indirect Materials, once they were used in the production process, which two accounts would be used in the journal entry? 10. At the end of March, the company recorded a closing entry to dispose of an account balance. Which two accounts would be used in this journal entry