Please answer the 3 questions that are underlined in (red).

Wildhorse Company purchases $50,300 of direct raw materials and it incurs $63,900 of direct factory labor costs. Supporting records show that (a) the Assembly Department used $27,100 of direct raw materials and $40,100 of direct factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Record the assignment of overhead to the Assembly and Finishing Departments using the following format. Assume the balance in Manufacturing Overhead was $110,240 prior to assignment. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead Balance $ $ 50300 $ 63900 $ $ 110240 $ Assigning Overhead i -110240 Wildhorse Company purchases $50,300 of direct raw materials and it incurs $63,900 of direct factory labor costs. Supporting records show that (a) the Assembly Department used $27,100 of direct raw materials and $40,100 of direct factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Record the assignment of overhead to the Assembly and Finishing Departments using the following format. Assume the balance in Manufacturing Overhead was $110,240 prior to assignment. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Work in Process Factory Labor Manufacturing Overhead Assembly Finishing $ 63900 $ 110240 $ ] ] -110240 64160 38080