I just need help from Req 4 to Req 6

Problem 4-43 (Algo) Cost Flows; Application of Overhead [LO 4-3, 4-4, 4-5] Dream Makers is a small manufacturer of gold and platinum jewelry. It uses a job costing system that applies overhead on the basis of direct labor hours. Budgeted factory overhead for the year was $584,600, and management budgeted 39,500 direct labor-hours. The company had no Materials, Work-in-Process, or Finished Goods Inventory at the beginning of April. These transactions were recorded during April: a. April insurance cost for the manufacturing property and equipment was $2,400. The premium had been paid in January. b. Recorded $1,445 depreciation on an administrative asset. c. Purchased 21 pounds of high-grade polishing materials at $16 per pound (indirect materials). d. Paid factory utility bill, $6,990, in cash. e. Incurred 4,000 hours and paid payroll costs of $160,000. Of this amount, 1,000 hours and $20,000 were indirect labor costs. f. Incurred and paid other factory overhead costs. $6,630. g. Purchased $30,500 of materials. Direct materials included unpolished semiprecious stones and gold. Indirect materials included. supplies and polishing materials. h. Requisitioned $24,500 of direct materials and $2,800 of indirect materials from Materials Inventory. 1. Incurred miscellaneous selling and administrative expenses, $7,340. J. Incurred $4,765 depreciation on manufacturing equipment for April. k. Paid advertising expenses in cash, $3,550. 1. Applied factory overhead to production on the basis of direct labor hours. m. Completed goods costing $70,000 during the month. n. Made sales on account in April, $71,930. The Cost of Goods Sold was $57,940. Required: 1. Compute the firm's predetermined factory overhead rate for the year. 2. Prepare journal entries to record the April events. 3. Calculate the amount of overapplied or underapplied overhead on April 30. 4. Prepare a schedule of Cost of Goods Manufactured and a schedule of Cost of Goods Sold. 5. Compute the amount of overapplied or underapplied overhead that should be prorated to Work-in-Process, Finished Goods, and Cost of Goods Sold. 5. Prepare the income statement for April. my work modes! This shows what is correct or incorrect for the work you have completed so far. It does 3. Calculate the amount of overapplied or underapplied overhead on April 30. 4. Prepare a schedule of Cost of Goods Manufactured and a schedule of Cost of Goods Sold. 5. Compute the amount of overapplied or underapplied overhead that should be prorated to Work-in-Process, Finished Go Cost of Goods Sold. 5. Prepare the income statement for April. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 Req 4 COGM Req 4 COGS Req 5 Req 6 Compute the firm's predetermined factory overhead rate for the year. (Round your answer to 2 decimal places.) Predetermined overhead rate $ 14.80 per direct labor hour Reg 1 Req 2 > Next > >>> >> Debit 2,400 1,445 336 6,990 140,000 20,000 6,630 8 9 10 11 12 13 h. E m. Materials inventory Accounts payable Work-in-process inventory Factory overhead: Materials inventory Selling & administrative expense Cash Factory overhead Accumulated depreciation Advertising expense Cash Work-in-process inventory Factory overhead Finished goods inventory Work-in-process inventory 33 30,500 24,500 2,800 7,340 4,345 3,550 44,400 70,000 30,500 27,300 7,340 4,345 3,550 44,400 70,000 14 15 n(1). n(2) Accounts receivable Sales revenue Cost of goods sold Finished goods inventory 71,930 57,940 71,930 57,940 Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 Req 4 COGM Req 4 COGS Req 5 Calculate the amount of overapplied or underapplied overhead on April 30.. Overapplied overhead $ 815 Req 6 Check my work mode: This shows what is correct or incorrect for the work you have completed Dream Makers Statement of Cost of Goods Manufactured For the Month Ended April 30 24,500 140,000 44,400 208,900 0 208,900 138,900 70,000 Direct materials used Direct labor Factory overhead applied. Total manufacturing costs incurred during year Add Work-in-process inventory, Beginning Total manufacturing costs to account for Less. Work-in-process inventory, Ending Cost of goods manufactured Actual overhead Factory overhead applied Total factory overhead Total applied overhead Overapplied overhead XS 44,400 X $ 33333333 55 5 appale VISI Cost of Goods Sold. 5. Prepare the income statement for April. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req 3 Req 4 COGM Req 4 COGS Req 5 Prepare a schedule of Cost of Goods Sold. Dream Makers Schedule of Cost of Goods Sold For the Month Ended April 30 Finished goods inventory, beginning S 0 Cost of goods manufactured 70,000 Total goods available for sale 70,000 Finished goods inventory, ending Cost of goods sold Req 6 MANRES Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 Req 4 COGM Req 4 COGS Req 5 Req 6 Compute the amount of overapplied or underapplied overhead that should be prorated to Work-in-Pro- and Cost of Goods Sold. (Round both the Relative Amount and the Share of overapplied overhead to t Balance Relative amount Share of overapplied overhead Work-in-Process Finished Goods Cost of Goods Sold Total No 0 % % % 0.00 % $ Req 6