pour Problem 2 (50%) using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company Babel Company is a manufacturing firm that uses job-order costing. The company applies overhead to job estimated that it would work 50.000 machine-hours and incur 5500.000 in manufacturing overtiende The following transactions were recorded for the year ar Journalize the above transactions. Omit the explanations. Please assume that all transactions with employees, customers and suppliers were conducted on account Raw materials were purchased, $500.000, Account Titles Debit Credit Required: b. Raw materials were requisitioned for use in production. $350,000 (320,06direct and $30,000 indireet). c The following employee costs were incurred: direct labor cost. $420,000: indirect labor cost $80,000; and administrative salaries, $200,000. d. Factory utility costs paid, $30.000, depreciation of machines for the year was $170.000 is related to factory operations. e. Manufacturing overhead was allocated to jobs. The actual level of activity for the year was 50,000 machine-hours. (Show your workings.)