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pls help with req. a-c Elaab Corporation is a manufacturing firm that uses job-order costing. The company's invertory balances were as follows at the beginning

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Elaab Corporation is a manufacturing firm that uses job-order costing. The company's invertory balances were as follows at the beginning and end of the year: - The company applles overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 33,800 machine-hours and incur $290,680 in manufacturing overhead cost. Thefollowing transactions wore recorded for the year - Raw materials were purchased, $315.800. - Raw materials were requistioned for use in production, $307,800.($280.200 direct and $27,600 indirect). - The following trmployee costs were incurred: direct labor, $377,800. indirect labor, $96,800, and administrative solaries, $172800 - Selling costs, \$147,800. - Factory utility costs, $10,800 - Depreciation for the year was $175,000 of which $170,000 is related to factory operations and $5,000 is related to seling. general, and administrative activities. - Marufacturing overhead was applied to jobs. The actual level of activity for the year was 34.160 machine hours. - Sales for the year totaled $1,310,000. Required: a. Pinpare schedule of cost of goods manufactured. b. Was the overhead underapplied or overapplied? By how much? c. Prepare an income statement for the year. The company closes any underopplied or overapplied overhead to Cost of Goods Sold

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