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Question \#1: 25 Points The Fiberalass Boat Combanv reborted the followina costs and exbenses in Mav 2023: Instructions 1. Set up a schedule as shown in the example below, listing each item above, including its dollar amount, under the proper classification heading. 2. Total each classification to show the total of all costs and expenses under each heading. Question \#2: 25 Points Custom Hot Rods, Inc. provided you their January 2023 account balances listed below: Instructions Using a proper heading and format, prepare a Schedule of Cost of Goods Manufactured for Custom Hot Rods, Inc. for the month ended January 31, 2023. Question \#3: 25 Points Agriculture Sprinkler, Inc. had the following transactions during its very first month of operations: 1. Purchased raw materials on account, $34,225. 2. Raw Materials of $26,845 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $2,905 was classified as indirect materials. 3. Factory labor costs incurred were $27,100 of which $24,390 pertained to factory wages payable and $2,710 pertained to employer payroll taxes payable. 4. Time tickets indicated that $24,450 was direct labor and $2,650 was indirect labor. 5. Overhead costs incurred on account were $71,850. 6. Manufacturing overhead was applied at the rate of 140% of direct labor cost. 7. Goods costing $12,650 are still incomplete at the end of the month; the other goods were completed and transferred to finished goods. 8. Finished goods costing $36,515 to manufacture were sold on account for $67,720. Instructions Journalize the above transactions for Agriculture Sprinkler, Inc. Omit Explanations Question \#4: 25 Points The Assembly Department of Fly High Drone Company has the following production and cost data at the end of May, 2023. Production: 27,920 units started into production; 24,360 units transferred out and 3,560 units 100% completed as to materials and 40% completed as to conversion costs. Manufacturing Costs: Materials added at beginning of process, $73,920; Labor, $82,800; Overhead $36,825. Instructions Prepare a production cost report for the Fly High Drone Company for the month of May 2023. Question \#5: 25 Points Tumwater Legal Consulting Associates employs "ABC". The following budgeted data for each of the activity cost pools is provided for the year 2022. During 2022 the firm worked 777 research hours, 12,680 professional hours, and prepared 139,970 document pages. Instructions Compute the total overhead applied during 2022 using "ABC" Activity Based Costing