Q:1) AAA Ltd estimates that it will require 100,000 direct labor-hours to meet the coming period's estimated production level. In addition, the company estimates total fixed manufacturing overhead at $500,000, and variable manufacturing overhead costs of $56 per direct labor-hour. a) Estimate the total amount of manufacturing overhead. (10 marks) b) Find the Predetermined overhead rate. (10 marks) c) Calculate the cost of Job 01 with the following costs: ( 30 marks) Direct Materials cost $5,000 Direct Labor hours 7 hours ( $30 per hour). Q:2) ABC Limited Company reported the following activity in the Machining Department for the month of September 2022: Units completed and transferred out of Department during September =4,000 unit Beginning work in process (September 1 ) =700 units (\% completed: Materials =60%, Conversion =30% ) End Work in process (September 30)=500 units (\% completed: Materials =40%, Conversion =50% ) Cost of beginning work in process for 700 units: ( $3,500 materials, $4,000 Conversion). Add costs to production during September: ( $60,000 materials, $55,000 Conversion). a) Calculate the Equivalent units of Production in the Department during September with respect to materials. (10 marks) b) Calculate the Equivalent units of Production in the Department during September with respect to conversion. (10 marks) c) Calculate the total Cost per Equivalent Unit. (30 marks)