QUESTION 4 OSMAN Amal Jaya Enterprise (AJE) is a manufacturing firm company applies overhead to jobs using a predetermined hours. At the beginning of the year, the company estimated machine-hours and incur RM266,000 in manufacturing over totaled RM1,283,000 Shows - W avad tuleb at would wo the s ales for the The company's inventory balances for the year were as follow Beginning balance (RM) Raw Materials Work in Process Finished Goods Ending Balan 21.000 40,000 26,000 Balance (RM) 24.000 22.000 41.000 W. The raw male 4281.000 are directe During the year, the raw materials were purchased for RM300,000. The requisitioned for use in production for RM297,000, of which RM281.000 and RM16,000 are indirect materials. The following employee costs were in labor, RM389,000, indirect laber, RM62,000; and administrative salaries. Mindedir aries, RM1760 o were incredig is related to cry The selling costs of RM160,000 and factory utility costs of RM19,000 were in the year. Depreciation for the year was RM143,000 of which RM137,000 is related 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-bours. Required: a) Compute the i predetermined overhead rate for the manufacturing overhead. il manufacturing overbead applied (CLO2.PL020) b) How much was the overhead underapplied or overapplied? (4 marka (CLO2:PL02.0) c) Prepare a Schedule of Cost of Goods Manufactured for AJE. (5 marts) (CLO2:PLO2C) d) Prepare the Schedule of Cost of Goods Sold for AJE The company closes w underapplied and overapplied overhead to Cost of Goods Sold. (6 marks) (CLO2.PLO2.C) ACCT 1201/Sept/Oct2019 Page 5 of 6