QUESTION 4 A OS MARS that uses Job-order con using a predetermined overhead rate Amal Jaya Enterprise (AJE) is a manufacturing firm company applies overhead to jobs using a predete hours. At the beginning of the year, the company estimated machine-hours and incur RM200,000 in manufacturing overb totaled RM1,283,000 Wooder A rate wed that I would work for overhead coal Sales for the in on The The company's inventory balances for the year were as follows: Beginning balance (RM) Ending Balane ng Balance (RM) Raw Materials Work in Process Finished Goods 21,000 40,000 26,000 24,000 22.000 41,000 During the year, the raw materials were purchased for RM300,000. Th requisitioned for use in production for RM297,000, of which RM281,000 and RM16,000 are indirect materials. The following employee costs were labor, RM389,000; indirect labor, RM62,000; and administrative salaries. R 000. The raw materials M281.000 are direct wel ts were incurred direct Maries, RM176,000 The selling costs of RM160,000 and factory utility costs of RM19,000 wereld the year. Depreciation for the year was RM143,000 of which RM137,000 is rel operations and RM6,000 is related to selling, general, and administrative Manufacturing overhead was applied to jobs. The actual level of activity for the 34,000 machine-hours. 10 000 were incurred during 37.000 is related to factory ministrative activities Required: a) Compute the: i predetermined overhead rate for the manufacturing overhead. ii. manufacturing overhead applied b) How much was the overhead underapplied or overapplied? (CLO2:PL02.C)) c) Prepare a Schedule of Cost of Goods Manufactured for AJE. (4 marks) (CLO2:PL.02.C) d) Prepare the Schedule of Cost of Goods Sold for AJE. The company closes underapplied and overapplied overhead to Cost of Goods Sold. (5 marks) (CLO2:PLO2:C3) ACCT (BRE (6 marks) (CLO2.PL.02.CI)