LANAMUR Company manufactures custom ordered furniture and uses a job-order costing system. All indirect manufacturing overhead costs are applied to jobs based on machine hours. With respect to the 2021 operating year, the following financial information was available: Total direct labour cost..... Total machine hours .... Total direct labour hours (all labour classes) ........ Total manufacturing overhead ...... ACTUAL (at end of year) $ 302,500 49,000 25,000 $ 190,000 BUDGETED (at beginning of year) $ 240,000 52,000 20,000 208,000 $ During the month of November 2021, the company started and completed Job #55. Due to an inexperienced shop floor supervisor, a job cost sheet was never prepared for this job. Instead, the following documents and information have been provided. Materials Requisition Form - For JOB #55 Time Ticket - For JOB #55 125 kg LABOUR TIMC: Material BZ quantity Class A employees Class D employees Total Hours MACHINE TIME Total hours of machine time operated 265 hrs Material XT quantity 12 sq. metres 46 hrs 28 hrs 74 hrs Additional information provided from Purchasing Department records: Materials Stock Cost for 2021 EJ $45 per piece BZ $70 per sq. metre XT $6 per kilogram(kg) Additional information provided from Purchasing Department records: Materials Stock Cost for 2021 EJ. BZ XT $45 per piece $70 per sq. metre $6 per kilogram(kg) Additional information provided from Payroll Department records: Class of Employee B C.. D Wage Rate for 2021 $ 22 per hour $ 12 per hour $ 18 per hour $ 35 per hour 1.) Calculate the predetermined manufacturing overhead application rate for 2021. (Note: Round your answer to 1 decimal place if necessary). (2 marks) 2.) Calculate the total cost of Job #55. (Note: clearly show all necessary calculations and label all elements). (4 marks) 3.) If the furniture relating to this job (#55) was completed but not yet sold by the end of the year, what account would the total cost of this job be reflected in as of the year-end date of December 31, 2021? (Identify the account name only.) (1 mark) 4.) Calculate the overapplied or underapplied manufacturing overhead for all of 2021. (Be sure to clearly indicate whether the amount you have calculated is overapplied or underapplied MOH) (3 marks) 5.) Generally speaking, every time a manufacturing cost is assigned to a job that is being worked on, the corresponding journal entry in the accounting records would require a debit entry to what account? (Identify the account name only.) (1 mark)