Our Business had the Following Costs and Balances For the Year Ended December 315t Begin Raw Materials $9,000 Raw Materials Purchased=$200,000 Raw Materials Used In-Directlv= $25,000 Raw Materials Used Directly into BMX Bikes= $80,000 Raw Materials Used Directly into Mtn Bikes= $60,000 Begin Work-in-Process Costs BMX and MB -ZERO Direct Labor Costs for BMX-$50,000 8. Direct Labor Costs for Mtn Bikes=$100.000 Finance Costs = $19,000 Factory Rent $58,000, CPA Costs-$67,000, Factory Insurance = 11,000 In Direct Factory Labore$33 00 Marketing Costs a$15 000 Manufacturing Overhead is Charged to Jobs using an MOH Rate of 80% of Direct Labor Costs BMX Bikes Unit Details are Shown Below; 900 Units were Fully Completed during the Month 400 Units were partially completed (End WIP Units are 25% complete for DM, DL, MOH) 900 Units were Sold to Target with a 40% Markup over Cost 16. Mountain Bikes (Mtn) Unit Details are Shown Below; 2500 Units Fully Completed during the Month. 1,000 Units were partially completed (End WIP Units are 50% complete for DM, DL MOH) 2,200 Units were Sold to Target with a 30% Markup over Cost. QUESTIONS Compute the Ending Balance in the Raw Materials Account at Year End Compute the Total Manufacturing Overhead Applied during the Year Compute the Actual Manufacturing Overhead Costs Incurred for the Year Compute the Manufacturing Overhead Dollar Account Balance at Year End Is the MOH Balance OVER or UNDER Applied ? , USE all Canital Lettere - Compute the MOH Account Balance Variance Percent a Show vou r Answer as a Percent out 2 Decimal Places Is the MOH Balance Reasonable using a 5% standard, YES or NO ?. Compute the Total Work In Process Costs for BMX Bikes Compute the Total Work In Process Costs for Mtn Bikes ute the rotal Equivalent Units of Production for RMX RiLee the sotal Equivalent Units of Production for Mtn Bikes pute the Cost Per Equivalent Unit of Production for BMX Bikes Compute the Total Cost of Goods Manufactured (COGM) for BMX Bikes Compute the Cost Per Equivalent Unit of Production for Mountain Bikes Compute the Total Cost of Goods Manufactured (COGM) for Mountain Bikes Compute the Cost of Goods Sold TOTAL for all Jobs for the Month. 17. Compute the Total Sales Revenues TOTAL for All Jobs for the Month 16 Compute the Total Gross Profit for All Jobs Compute the Total Net Income for All Job: Compute the Amount Charged to Target for One BMX BIke Compute the Amount Charged to Target for One Mountale PiL