Use the Information below to answer Questions 15-18. Reico Inc. manufactures medical ultrasound monitors. Manufacturing overhead is assigned to products on the basis of direct labour-hours. In June 2021, Reico estimated that it would incur $120,000 in manufacturing overhead costs and produce 400 ultrasound monitors. The ultrasound monitors require 12 hours of direct labour time per unit, and the direct labour rate is $40 per hour. On June 30, 2021, the records show that 350 ultrasound monitors were produced. The following information shows the actual costs and activities incurred for the month ended June 30, 2021: Direct labour ? Indirect labour $32,000 Insurance, factory $9,000 $30,000 16,000 Maintenance, factory Marketing expense Purchases of raw materials Rent, factory building 60,000 24,000 Sales commissions 42,000 Selling and administrative salaries 10,000 Supplies, factory 4,500 Utilities, factory 16,000 Reico adopts a policy that once the products are in production, it will complete and sell the product: therefore, Reico does not keep inventory in the work-in-process and finished goods accounts. The material account shows a balance of $8,000 on June 1, and $1.500 on June 30, 2021 MacBook Air 80 F8 D Question 15 6 pts Do not enter "S" and "for your answers. $ Using direct labour-hours as the basis for assigning manufacturing overhead cost to ultrasound monitors, compute the predetermined (budgeted) overhead rate: /hr Calculate total number of hours worked: hours $ Using this rate and other data from the question determine the total manufacturing overhead costs allocated to ultrasound monitors. Question 16 6 pts Do not enter "$" and "" for your answers Cakulate the actual manufacturing overhead cost: $ Calculate the actual manufacturing overhead rate: Thir $ Calculate the amount of over-applied/under applied manufacturing overhead. Please use absolute number to indicate "over-applied,"use negative sign to indicate 'under-applied." MacBook Air 20 DO FS 15 # 3 $ 4 % 5 & 7 6 0 Question 17 Please record the journal entry to adjust the over/under applied overhead Do not enter and for your www.MUST-there is no ber fordelt ord. No more will never the box Work and need Accounts This Det Credit Cash 1000 1000 Debit Credit Accounts Titles Allocated MOH Control OGS Question 18 Calculate the materie production Cache tutti 5 Change Cathri 100 MacBook Air 20 IN * 2 3 % 5 4 & 7 6 co W E R. . Y U F