Please see attached. This is my 2nd attempt at getting assistance. I need BOTH problems answered. Please INCLUDE ANSWERS ON THE ATTACHED DOCUMENT

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\fProblem 2-28 Consider the following costs that were incurred during the current year: 1. Tire costs incurred by Ford Motor Company - Product cost, Variable, Direct material 2. Sales commissions paid to the sales force of Dell Inc. 3. Wood glue consumed in the manufacture of Thomasville furniture. 4. Hourly wages of refinery security guards employed by ExxonMobil Corporation. 5. The salary of a financial vice president of Hewlett Packard. 6. Advertising costs of Coca-Cola. 7. Straight-line depreciation on factory machinery of Boeing Corporation. 8. Wages of assembly-line personnel of Whirlpool Corporation. 9. Delivery costs on customer shipments of Ben & Jerry's ice cream. 10. Newsprint consumed in printing The New York Times. 11. Plant insurance costs of Texas Instruments. 12. Glass costs incurred in light-bulb manufacturing of General Electric. Required: Evaluate each of the preceding and determine whether the cost is ( a ) a product cost or a period cost, ( b ) variab direct material, direct labor, or manufacturing overhead Problem 3-46 1. Predetermined overhead rate: 130% of direct labor Cost 6. Cost of goods sold: $15,309,300 Finlon Upholstery, Inc. uses a job-order costing system to accumulate manufacturing costs. The company's work-in-process on no finished-goods inventory on this date. Finlon applies manufacturing overhead to production on the basis of direct-labor cos direct-labor rate.) Budgeted totals for 20x2 for direct labor and manufacturing overhead are $4,200,000 and $5,460,000, respe Direct material used ......................................................................................... $ 5,600,000 Direct labor ...................................................................................................... 4,350,000 Indirect material used ....................................................................................... 65,000 Indirect labor ................................................................................................... 2,860,000 Factory depreciation ......................................................................................... 1,740,000 Factory insurance ............................................................................................ 59,000 Factory utilities ................................................................................................ 830,000 Selling and administrative expenses .................................................................. 2,160,000 Total ............................................................................................................ $17,664,000 Job no. 2077 was completed in January 20x2; there was no work in process at year-end. All jobs produced during 20x2 were so The company charges any under- or overapplied overhead to Cost of Goods Sold. Required: 1. Determine the company's predetermined overhead application rate. predetermined overhead application rate = Overhea 2. Determine the additions to the Work-in-Process Inventory account for direct material used, direct labor, and manufacturing Manufacturing overhead = 4350000x1.30 = $5655000 Total additions = $15605000 3. Compute the amount that the company would disclose as finished-goods inventory on the December 31, 20x2, balance shee = 156000+85000+(85000x1.30) = $351500 4. Prepare the journal entry needed to record the year's completed production. Journal: Dr. Finished Goods $15605000 C 5. Compute the amount of under- or overapplied overhead at year-end, and prepare the necessary journal entry to record its d 6. Determine the company's 20x2 cost of goods sold. 7. Would it be appropriate to include selling and administrative expenses in either manufacturing overhead or cost of goods so