Use the Following Information to Answer the Questions Below. Our Business had the Following Costs and Balances For the Year Ended December 31st, 1. Begin Raw Materials=$9,000 2. Raw Materials Purchased-$200,000 3. Raw Materials Used In-Directly=$25,000 4. Raw Materials Used Directly into BMX Bikes=$80,000 5. Raw Materials Used Directly into Mtn Bikes=$60,000 6. Begin Work-in-Process Costs BMX and MB-ZERO 7. Direct Labor Costs for BMX-$50,000 8. Direct Labor Costs for Mtn Bikes-$100,000 9. Finance Costs = $19,000 10. Factory Rent $58,000, CPA Costs=$67,000, 11. Factory Insurance = 11,000 12. In-Direct Factory Labor-$33,000, 13. Marketing Costs =$15.000 12. In-Direct Factory Labor-$33,000, 13. Marketing Costs =$15,000 14. Manufacturing Overhead is Charged to Jobs using an MOH Rate of 80% of Direct Labor Costs 15. BMX Bikes Unit Details are Shown Below; .900 Units were Fully Completed during the Month. 400 Units were partially completed (End WIP Units are 25% complete for DM, DL, MOH) .900 Units were Sold to Target with a 40% Markup over Cost. 16. Mountain Bikes (Mtn) Unit Details are Shown Below; .2500 Units Fully Completed during the Month. 1,000 Units were partially completed (End WIP Units are 50% complete for DM, DL, MOH) 2,200 Units were Sold to Target with a 30% Markup over Cost. QUESTIONS 1. Compute the Ending Balance in the Raw Materials Account at Year End = 2. Compute the Total Manufacturing Overhead Applied during the Year= ts ht 3. Compute the Actual Manufacturing Year= 4. Compute the Manufacturing Overhead Dollar Account Balance at Year End= 5. Is the MOH Balance OVER or UNDER Applied? = USE all Capital Letters. 6. Compute the MOH Account Balance Variance Percent = Show your Answer as a Percent out 2 Decimal Places. 7. Is the MOH Balance Reasonable using a 5% standard, YES or NO? = USE all Capital Letters. 8. Compute the Total Work In Process Costs for BMX Bikes = 9. Compute the Total Work In Process Costs for Mtn Bikes = Total Fauhistent Inite of Droduction for RMY Biker A 11. Compute the Total Equivalent Units of ents 12. Compute the Cost Per Equivalent Unit of Production for BMX Bikes = Show your answer out 2 Decimals to the Nearest Penny if Needed. 13. Compute the Total Cost of Goods Manufactured (COGM) for BMX Bikes = 14. Compute the Cost Per Equivalent Unit of Production for Mountain Bikes= Show your answer out 2 Decimals to the Nearest Penny if Needed. 15. Compute the Total Cost of Goods Manufactured (COGM) for Mountain Bikes = 16. Compute the Cost of Goods Sold TOTAL for all Jobs for the Month = 17. Compute the Total Sales Revenues TOTAL for All Jobs for the Month = 17. Compute the Total Sales Revenues TOTAL for All Jobs for the Month = 18. Compute the Total Gross Profit for All Jobs = 19. Compute the Total Net Income for All Jobs= 20. Compute the Amount Charged to Target for One BMX Bike = Show your answer out 2 Decimals to the Nearest Penny if Needed. 21. Compute the Amount Charged to Target for One Mountain Bike = Show your answer out 2 Decimals to the Nearest Penny if Needed. Show All of your Answers as a Number Only, No Symbols, Dollar Signs, or Decimals, Unless Otherwise Stated