Lannister Company uses a job$-$order cost system and applies manufacturing overhead cost to jobs on the basis of

Direct Labour hours. At the $1$st January $2023,$ the following estimates were made for the purpose of computing

the predetermined overhead rate: Manufacturing Overhead Cost, $$92,000$: and Direct Labour Hours during the

year were estimated at $16,000$ hours. The following transactions took place during the year, which ended on $31$st

December $2023$:

a$)$ Raw materials purchased $$410,000$

b$)$ Raw materials requisitioned for use $$382,000($direct materials $$360,000$ and indirect materials

$$22,000)$

c$)$ Property taxes on the factory building, $$7562.$

d$)$ Costs for salaries and wages were incurred as follows:

Direct labour $$126,000$

Indirect labour $$39,580$

Selling and administration $$187,979$

e$)$ Insurance costs incurred in the factory, $$12,428.$

f$)$ Insurance costs for selling and administration, $$5,271.$

g$)$ Advertising costs incurred, $$92,361.$

h$)$ Utility bills in the factory, $$1011.$

i$)$ Factory general expenses, $$2,355.$

j$)$ Miscellaneous selling and administration costs incurred, $$46,912.$

k$)$ Depreciation for the year,$$30,000(75\%$ relates to the factory and $25\%$ to selling and administration$)$

l$)$ Rental costs for the year, $$24,000(60\%$ relates to the factory and $40\%$ to selling and administration$)$

m$)$ Property taxes on the showroom, $$5,632.$

n$)$ The Manufacturing Overhead cost applied to jobs needs to be calculated.

Actual direct labour hours totalled $16,800$ hours

o$)$ Cost of goods manufactured during the year, $$549,070.$

p$)$ Sales for the year totaled $$1,436,780.$

q$)$ The Cost of Good Sold figure was $$550,220$

The opening balances in the inventory accounts at $1$st January $2023$ were as follows:

Raw materials $$17,570$

Work in process $$31,578$

Finished goods $$41,275$

REQUIRED

a$)$ Post the entries to the $5-$T$-$accounts.

b$)$ Prepare a Schedule of the Costs of Goods Manufactured for the year ended $31$st December $2023$

c$)$ Prepare a Schedule of Cost of Goods Sold for the year ended $31$st December $2023$

d$)$ Show the journal entry to clear the balance in the Manufacturing Overhead account

e$)$ Prepare an Income Statement for the year ended $31$st December $2023$

f$)$ Job $943$ was one of the many jobs started and completed during the year. This job required $$6,590$

in direct materials and $80$ hours of direct labour time at a rate of $$7\mathrm{.}50$ per hour. If the job

contained $250$ units and the company billed the job at $150\%$ of the unit product cost, what price per

unit would have been charged to the customer?