Is my work correct? If not please help will all requirements!

Boyd Corporation is a manufacturer that uses job-order costing. On January 1, 2024, the company's inventory balances were as follows: The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, 2024, the company's predetermined overhead rate per direct labor-hour was based on a cost formula that estimated $831,000 of total manufacturing overhead for an estimated activity level of 72,000 direct labor-hours. Requirements: Compute the predetermined overhead allocation rate for fiscal year 2024. Use 1. the blue shaded areas for inputs. Use Excel to journalize the transactions listed in the Transactions tab for the 2. current year, 2024. Enter the beginning balances for the inventories in the T-accounts. Assume the rest of the accounts have beginning balances of zero. Post the journal entries to the T-accounts. T-account balances will automatically calculate except for Manufacturing Overhead. You will need to calculate the appropriate balance in 3. that account. You should not have negative balances in your t-accounts. 4. Adjust the manufacturing overhead account. a. Prepare the journal entry. b. Post to T-accounts. 5. Complete the Schedule of Cost of Goods Manufactured for 2024. 6. Complete the Cost of Goods Sold schedule for 2024. 7. Prepare the income statement in good form for Boyd for 2024. The company sold 520 units in 2024 . Use the information given to calculate the following for 2024 : Use the information provided, the high low method and the contribution margin approach to prepare a contribution format income statement for 2024 (you only Instructions D. Accoms allyi imestigate The following transactions were recorded for the year: a Raw materials were purchased on account, $571,000. Raw materials used in production, $541,000. All of the raw materials were used as direct b materials. The following costs were accrued for employee services: direct labor, $661,000; indirect labor, 6 c $211,000; selling and administrative salaries, $280,000. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and d finished goods warehousing), $426,000. e Incurred various manufacturing overhead costs (e.g., rent, insurance, and utilities), $556,000 Manufacturing overhead cost was applied to production. The company actually worked 46,000 f direct labor-hours on all jobs during the year. Jobs costing $1,741,000 to manufacture according to their job cost sheets were completed during the year. Jobs were sold on account to customers during the year for a total of $2,861,000. The jobs cost h $1,761,000 to manufacture according to their job cost sheets. O Type here to search 1 Requirement 1 2. Compute the predetermined overhead allocation rate for fiscal year 2024 . Predetermined overhead allocation rate \begin{tabular}{|r|r|} \hline \multicolumn{1}{|c|}{ Accounts Payable } \\ \hline & 571,000 \\ \hline & 426,000 \\ \hline & 556,000 \\ \hline & 1,553,000 \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline \multicolumn{2}{|c|}{ Sales Revenue } \\ \hline & 2,861,000 \\ \hline & \\ \hline & \\ \hline & 2,861,000 \\ \hline \end{tabular}