Journalize the following transactions and events that took place at Affluent Productions Corp. I Determine the amount of manufacturing overhead cost applied to production for the year. A. Purchased $320,000 of raw materials B. Production requisitioned $88,000 of raw materials of which $5,000 was indirect materials. C. Paid salaries: $150,000 to workers manning the machines and $70,000 to supervisors. D. Applied overhead to production costs, using an activity-based costing system: 1. At the beginning of the year the company made the following estimates of cost and activity for its five activity cost pools: Expected Activity Estimated Overhead Cost $ 76,000 3,000 orders 300,000 2,000 boards Activity Cost Pool Production orders Board etching Parts management Labor related General factory Activity Measure Number of orders Number of boards Number of part types Direct labor-hours Machine-hours 160,000 part types 380 20,000 direct labor-hours 220,000 280,000 75,000 machine-hours 2. During the year, actual activity was recorded as shown on the right : Actual Activity E. Incurred an additional $916,067 of actual overhead costs. 3,100 orders F. Completed 90% of the job. boards G. Sold 85% of the finished product at a 20% profit. 1,800 380 21,000 76,000 machine-hours part types direct labor-hours H. Closed out the Factory Overhead accounts, assuming the misapplied balance was considered (a) immaterial, (b) material. Activity Cost Pool Production orders Board etching Parts management Labor related General factory