The following information pertains to Glass Works Company for 2019.

Budgeted direct-labour cost: --------------------------------75,000 hours at $16 per hour

Actual direct-labour cost: ------------------------------------80,000 hours at $17.50 per hour.

Budgeted Manufacturing Overhead:---------------------$ 997,500

Actual Manufacturing Overhead:

Depreciation-----------------------------------------$ 240,000

Property Taxes---------------------------------------------------12,000

Indirect Labour --------------------------------------------------82,000

Supervisory Salaries --------------------------------------------200,000

Utilities------------------------------------------------------------59,000

Insurance ----------------------------------------------------------30,000

Rental of Space--------------------------------------------------300,000

Indirect Material ---------------------------------------------------79,000

Required:

a) Compute the firms predetermined overhead rate, which is based on direct-labour hours.(4marks)

b) Calculate the over-applied or under-applied overhead for 2019.(4 marks)

c) Prepare a journal entry to close out the Manufacturing Overhead Account into Cost of Goods Sold.(2marks)

d) Activity based costing (ABC) is an alternative method of allocating overheads. How is ABC useful to managers? (10marks)

Please show all workings and type in order for me to copy and paste.