PART $1.(28$ marks$)$ Belle Garments manufactures customized T$-$shirts for football teams. The business uses a perpetual inventory system and has a highly labour$-$intensive production process, so it assigns manufacturing overhead based on direct labour cost. The business operates at a profit margin of $33(1)/(3)\%$ on sales. Belle Garments expects to incur $$2,205,000$ of manufacturing overhead costs and estimated direct labour costs of $$3,150,000$ during $2025.$ At the end of December $2024,$ Belle Line Garments reported work in process inventory of $$93,980-$ Job FBT $101-$ $$51,000$ & Job FBT $102-$ $$42,980$ The following events occurred during January $2025.$ i$)$ Purchased materials on account, $$388,000.$ The purchase attracted freight charges of $$4,000$ ii$)$ Incurred manufacturing wages of $$400,000$ iii$)$ Requisitioned direct materials and used direct labour in manufacturing. Job # FBT $101$ FBT $102$ FBT $103$ FBT $104$ Direct Materials Direct Labour $$70,22097,500105,300117,000$ $$61,200115,60078,20085,000$ iv$)$ Issued indirect materials to production, $$30,000.$ v$)$ Charged indirect manufacturing wages to production, $$60,000.$ vi$)$ Cost of detailed graphic design for Job #FBT $104,$ paid by cash $$17,240$ vii$)$ Depreciation of production machinery used on all four $(4)$ jobs, $$85,000$ viii$)$Other manufacturing overhead costs incurred on jobs FBT $101$ to $104$ amounted to $$49,000.$ ix$)$ Allocated overheads to each job at the predetermined rate x$)$ Jobs completed: FBT $101,102$ & $104.$ xi$)$ Delivered jobs FBT $101$ & $104$ to the customers. FBT $101$ was fully paid for; the customer for FBT $104$ paid $60\%$ of the selling price and promised to pay the remainder in February. Required: a$)$ b$)$ c$)$ d$)$ Calculate the predetermined manufacturing overhead rate used for $2025.$ Calculate the total manufacturing costs for each job. Using the total figures, record the above transactions in the general journal. $(1$ mark$)(5(1)/(2)$ marks$)(11(1)/(2)$ marks$)$ Determine the balance before closing on the Manufacturing Overhead T$-$account. State the journal entries necessary to dispose of the variance. $(3(1)/(2)$ marks$)$ e$)$ f$)$ g$)$ What is the balance in the Cost of Goods Sold account after the adjustment? Determine Belle Garments$$ gross profit earned on the jobs completed. $(1(1)/(2)$ marks$)(2$ marks$)$ Post the appropriate entries to the Work in Process Inventory Control account & determine the account balance on January $31.(3$ marks$)$