Question 1 Please see the following information for Yorkville Corporation (assume raw materials are all direct) Beginning of Year End of Year Finished Goods Inventory $30,000 530.000 Work in Process Inventory $45,000 552.500 Raw Materials Inventory $69,000 $39.000 Gross Sales 5510.000 Direct Low $82.500 Plant Supervisor Salaries $27.000 Income Tax Expense $37.500 Plant Insurance SIR.000 Purchases of Raw Materials $135.000 Administrative Expenses Sense Sales Returns & Allowances 592 SD Plant Depreciation 533.000 Indirect Labour Selling Expenses REQUIRED: Build a Cost of Goods Manufactured Schedule and full income statement for Yorkville Corporation Answer in the space below in Excel Dundar Mifflin makes electronic products for the RCMP. The following data is for the first six months: Direct Labor Hours Manufacturing Overhead January 45.000 $295.000 February 10,000 March 57.000 5323,000 38.000 S320,000 May 26.000 S160.200 29,000 S162.500 Required: 1. Use the high-low method to estimate the cost formula (6 marks) 2. Estimate the total overhead cost at an activity level of 47,000 machine hours, using the separate estimates you obtained for its components. marks)