QUESTION 2 Instructions: Journalize the following transactions and events that took place at Better Productions Corp. Determine the amount of manufacturing overhead cost applied to production for the year. A. Purchased $330,000 of raw materials B. Production requisitioned $88,000 of raw materials of which $5,000 was indirect materials. C. Paid salaries: $150,000 to workers manning the machines and $70,000 to supervisors. D. Applied overhead to production costs, using an activity-based costing system: 1. At the beginning of the year the company made the following estimates of cost and activity for its five activity cost pools: 2. During the year, actual activity was recorded as shown on the right : E. Incurred an additional $971,267 of actual overhead costs. F. Completed 90% of the job. G. Sold 85% of the finished product at a 20% profit. H. Closed out the Factory Overhead accounts, assuming the misapplied balance was considered (a) immaterial, (b) material