please show work and calculations.

E A B D G F H 1 Question 1 29 marks 2 3 The Aral Manufacturing Company operates a job-order costing system and applies overhead 4 cost on the basis of direct labour hours. In computing an overhead rate for the year, the 5 company's estimates were as follows: manufacturing overhead cost, $330,000, direct labour 6 cost, $480,000 and direct labour hours, 24.000 hours. The following transactions occurred 7 during their fiscal year ended October 31, 2021 8 9 a) Raw materials were purchased on account $452.500. 10 11 b) of the raw materials that were used during the year. $42,000 were indirect raw materials. 12 13 c) Selling and administrative salaries were $150,000 14 15 d) Total factory payroll was $540,000, a portion of which was indirect. A total of 23,600 16 direct labour hours were worked during the year. There was no change to the average direct 17 18 e) Marketing cost was incurred: $70.000 19 201) Depreciation charges for the year totaled $180.000 (75% related to fabrication and shop 21 assets and 25% related to selling and administrative assets). 22 239) Utilities incurred during the year in the factory was $47.500, selling and administrative 24 25 h) Opening inventories and the unadjusted closing inventories were: 26 Opening Closing 27 Raw Materials: 20,000 25,000 28 Work-In-Process 25.500 ? Finished Goods 45,000 ? 30 31 ) The ending work-in-process inventory on October 31, 2021 had incurred $9,000 of direct 32 raw materials and 400 direct labour hours. 33 34 ) Goods that cost $1.205,000 to manufacture according to their job cost sheets were 35 36 k) Sales for the year totalled $2,000,000. The unadjusted cost of goods sold was $1,200,000 37 38 REQUIRED: 29 REQUIRED 00 Calciate the manutacunng overhead ippocation rate and the manufacturing overhead apped for the year marks) CH Cat the specifico de la direct labour Dapped manufacturing Boad.compring the ending work in process entory an Oirector 10. Apped manufacturing over Songtory www. Record the woman in the operang cing Dances Hengeven accountry procesory the goose cost of good manufacturing overhead ens anderes are not required you are sure to put Demo Andmenghancesca ma w Operanzephers Cost of goods so Instructions Question 1 Question 2 Question 3 Manufacture overhead Operating expenses Cost of goods sold 30 50 70 11 12 73 74 75 Sales 77 70 79 00 111 114 00 104 Prepare a pronate any undefor over applied manufacturing overendi 00 the company foliows Intematonal Accounting Standard 2 and post it to the respective 01 Accounts Show all caos (6 maj 92 23 4 05 00 17 06 09 100 101 100 100 K107 X fax 8 17 B D E F G H 1 Question 1 29 marks 2 3 The Aral Manufacturing Company operates a job-order costing system and applies overhead 4 cost on the basis of direct labour hours. In computing an overhead rate for the year, the 5 company's estimates were as follows: manufacturing overhead cost $330,000, direct labour 6 cost, $480,000 and direct labour hours, 24,000 hours. The following transactions occurred 7 during their fiscal year ended October 31, 2021 9 a) Raw materials were purchased on account: $452,500 10 11 b) of the raw materials that were used during the year. $42,000 were indirect raw materials 12 13 C) Selling and administrative salaries were $150,000 14 15 d) Total factory payroll was $540,000, a portion of which was indirect A total of 23,600 direct 16 labour hours were worked during the year. There was no change to the average direct labour 18 e) Marketing cost was incurred $70,000 19 20 Depreciation charges for the year totaled $180,000 (75% related to fabrication and shop 21 assets and 25% related to selling and administrative assets) 22 23 g) Utilities incurred during the year in the factory was $47.500, selling and administrative utilities 24 25 h) Opening inventories and the unadjusted closing inventories were 26 Opening Closing 27 Raw Materials 20,000 25,000 28 Work-In-Process 25,500 ? 29 Finished Goods 45,000 2 30 311) The ending work-in-process inventory on October 31, 2021 had incurred $9,000 of direct raw 32 materials and 400 direct labour hours 33 34 ) Goods that cost $1 205,000 to manufacture according to their job cost sheets were 36 ) Sales for the year totalled $2,000,000. The unadjusted cost of goods sold was $1,200,000 37 38 REQUIRED: 391 Calculate the manufacturing overhead application rate and the manufacturing overhead applied for the year. (2 ma 40 Question 1 Question 2 Question 3 Select destination and press ENTER 35 4 E A B D G F H 1 Question 1 29 marks 2 3 The Aral Manufacturing Company operates a job-order costing system and applies overhead 4 cost on the basis of direct labour hours. In computing an overhead rate for the year, the 5 company's estimates were as follows: manufacturing overhead cost, $330,000, direct labour 6 cost, $480,000 and direct labour hours, 24.000 hours. The following transactions occurred 7 during their fiscal year ended October 31, 2021 8 9 a) Raw materials were purchased on account $452.500. 10 11 b) of the raw materials that were used during the year. $42,000 were indirect raw materials. 12 13 c) Selling and administrative salaries were $150,000 14 15 d) Total factory payroll was $540,000, a portion of which was indirect. A total of 23,600 16 direct labour hours were worked during the year. There was no change to the average direct 17 18 e) Marketing cost was incurred: $70.000 19 201) Depreciation charges for the year totaled $180.000 (75% related to fabrication and shop 21 assets and 25% related to selling and administrative assets). 22 239) Utilities incurred during the year in the factory was $47.500, selling and administrative 24 25 h) Opening inventories and the unadjusted closing inventories were: 26 Opening Closing 27 Raw Materials: 20,000 25,000 28 Work-In-Process 25.500 ? Finished Goods 45,000 ? 30 31 ) The ending work-in-process inventory on October 31, 2021 had incurred $9,000 of direct 32 raw materials and 400 direct labour hours. 33 34 ) Goods that cost $1.205,000 to manufacture according to their job cost sheets were 35 36 k) Sales for the year totalled $2,000,000. The unadjusted cost of goods sold was $1,200,000 37 38 REQUIRED: 29 REQUIRED 00 Calciate the manutacunng overhead ippocation rate and the manufacturing overhead apped for the year marks) CH Cat the specifico de la direct labour Dapped manufacturing Boad.compring the ending work in process entory an Oirector 10. Apped manufacturing over Songtory www. Record the woman in the operang cing Dances Hengeven accountry procesory the goose cost of good manufacturing overhead ens anderes are not required you are sure to put Demo Andmenghancesca ma w Operanzephers Cost of goods so Instructions Question 1 Question 2 Question 3 Manufacture overhead Operating expenses Cost of goods sold 30 50 70 11 12 73 74 75 Sales 77 70 79 00 111 114 00 104 Prepare a pronate any undefor over applied manufacturing overendi 00 the company foliows Intematonal Accounting Standard 2 and post it to the respective 01 Accounts Show all caos (6 maj 92 23 4 05 00 17 06 09 100 101 100 100 K107 X fax 8 17 B D E F G H 1 Question 1 29 marks 2 3 The Aral Manufacturing Company operates a job-order costing system and applies overhead 4 cost on the basis of direct labour hours. In computing an overhead rate for the year, the 5 company's estimates were as follows: manufacturing overhead cost $330,000, direct labour 6 cost, $480,000 and direct labour hours, 24,000 hours. The following transactions occurred 7 during their fiscal year ended October 31, 2021 9 a) Raw materials were purchased on account: $452,500 10 11 b) of the raw materials that were used during the year. $42,000 were indirect raw materials 12 13 C) Selling and administrative salaries were $150,000 14 15 d) Total factory payroll was $540,000, a portion of which was indirect A total of 23,600 direct 16 labour hours were worked during the year. There was no change to the average direct labour 18 e) Marketing cost was incurred $70,000 19 20 Depreciation charges for the year totaled $180,000 (75% related to fabrication and shop 21 assets and 25% related to selling and administrative assets) 22 23 g) Utilities incurred during the year in the factory was $47.500, selling and administrative utilities 24 25 h) Opening inventories and the unadjusted closing inventories were 26 Opening Closing 27 Raw Materials 20,000 25,000 28 Work-In-Process 25,500 ? 29 Finished Goods 45,000 2 30 311) The ending work-in-process inventory on October 31, 2021 had incurred $9,000 of direct raw 32 materials and 400 direct labour hours 33 34 ) Goods that cost $1 205,000 to manufacture according to their job cost sheets were 36 ) Sales for the year totalled $2,000,000. The unadjusted cost of goods sold was $1,200,000 37 38 REQUIRED: 391 Calculate the manufacturing overhead application rate and the manufacturing overhead applied for the year. (2 ma 40 Question 1 Question 2 Question 3 Select destination and press ENTER 35 4