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Please answer all the questions, thanks! Q1. [3% of test] Fill in one word for each blank. Sarbanes-Oxley Act requires a public corporation to establish

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Q1. [3% of test] Fill in one word for each blank. Sarbanes-Oxley Act requires a public corporation to establish an audit committee [AC]. The AC is a committee of the board of corporation, which members are financially the corporation's external auditors, and supervises the corporation's of the of the corporation. The AC hires and fires auditors Q2.Excellent Dairy providesthe followingin formation for its costs last month.10% of test 11 Depreciation expense on manufacturing equipment Salaries of salespeople Plastic milk bottles $100,000 Salaries of scientists who developed $150,000 a new ice cream bar 5,000 80,000 50,000 Toll-free line for customers' orders 75,000 Assembly-line workers' wages 20,000 new ice cream bar Changing the assembly-line for the Delivery expense Customer-support hotline 160,000 1,000 7,500 Caps for milk bottles List the $ amount(s) that you just included in this What is the total product cost? S calculation: Q5. [21% of test] Crafty Ceramics makes custom ceramic tiles. During March Crafty worked on 25 job and purchased $25,600 of raw materials on account, paid direct labor cost of $31,000, and incurred manufacturing overhead costs of $26,530. Crafty applies overhead at a rate of 80% of direct labor cost Job #231, one of the 25 jobs, started and completed during the month. The company's records show th following direct materials wererequ High Gloss Glaze: 2 quarts at $2.00 per quart. Labor time records show Jenny Jones wor $20 per hour on Job #231- A sitioned for Job #231: White tiles : 1,000 units at $1.00 per unit, and s to record the material requisition for J 0 )Make journal entrie B) Make journal entry to record the labor cost for Job #231 C) Make journal entry to apply [i.e., to allocate] the manufacturing overhead to Job #231

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