PLEASE ONLY SOLVE FOR QUESTION #5 B !!! I can figure out the rest of the problems. I just need help with 5B!

****PLEASE SOLVE FOR 5b ONLY****

the sofas and chairs). For accounting purposes, the fabric is transferred at cost to the furniture plant. assembles the sofas (or chairs). Check why work 3 more Check My Work uses remaining. With the cooperation of the cost accounting manager for the mill and each plant's controller, she gathered the following data for last year: Sawmill: Inint mansfar.tsinn r:nats: $9. Fabric Plant: Budgeted overhead: $1,200,000 (50\% fixed) Practical volume (direct labor hours): 120,000 hours Actual overhead: $1,150,000 (50\% fixed) Actual hours worked: 3 more Check My Work uses remaining. Departmental data on Fabric FB70 (actual costs and actual outcomes): beginning of each process. The cost of the rods is relatively insignificant and is included in overhead. beginning of each process. The cost of the rods is relatively insignificant and is included in overhead. Proposed standard cost sheet for Fabric FB 70 (for the Colorinq and Bolting Department only): Furniture Plant: Devartmental data (budaeted): Required: to each grade, and calculate the cost per board foot for each grade using each method. Round unit cost answers to two decimal places. Sales-value-at-split-off method: Sawmill Cost and Production Data Sawmill Cost and Production Data Note: More than one data analytic type may apply. Which of the data analytic models in play would you recommend for assigning the joint manufacturing sawmill costs? 2. Calculate the plantwide overhead rate for the fabric plant. $ per hour Calculate the amount of under- or overapplied overhead for the fabric plant. $ 3. a. Using the weighted average method, complete the following information regarding the Weaving and Pattern production process: b. To convert the output of the Weaving and Pattern Department to the output of the Coloring and Bolting Department, yards transferred is by c. Using the weighted average method, complete the following for the Coloring and Bolting Department: i. Physical flow schedule (measured in bolts) c. Using the weighted average method, complete the following for the Coloring and Bolting Department: i. Physical flow schedule (measured in bolts) each process that reflects the expected reductions: a. Calculate the conversion rate for each process using direct labor hours (round to whole dollars): Weaving and Pattern Process: per hour Coloring and Bolting Process: $ per hour the nearest dollar): In calculating the variances, which method did you use to compute the actual output of the period-FIFO or weighted average? Explain. If an amount box does not require an entry, leave it blank. 5b. Prepare the journal entries for materials and labor: i. Purchase of 400,000 ounces of other materials ii. Usage of 400,000 ounces of other materials iii. Assignment of direct labor costs If an amount box does not require an entry, leave it blank. 5c. Assume that the standard hours allowed for the actual total output of the fabric plant are 115,000 . Calculate the following variances (round to whole dollar): Enter all amounts as positive numbers. 6. Suppose that the fabric plant has 500 bolts of FB70 in beginning finished goods inventory. The current-year plan is to have 1,000 bolts of FB70 in finished goods ins external market price of $400 per bolt. If the fabric plant is set up as a profit center, it could sell 3,000 bolts per year to outside customers and supply 2,000 bolts per 3 more Check My Work uses remaining