Read aloud V Draw Mighlight 6. Determine the missing values: (Show your workings clearly) S.No. Unit Selling Unit Variable Contribution Margin Per Price Cost Unit 100 (0) 30 2 (c) (d) 300 3 2500 (0) (0) 1 Contribution Margin Ratio (b) 15% 25% 7. (3 marks) Apple Company has two production departments: Cutting and Assembly, April 1 inventories are Raw Materials $4,200, Work in Process-Cutting $2,900, Work in Process Assembly $10,600, and Finished Goods $31,000. During April, the following transactions occurred. 1. Purchased $63,000 of raw materials on account. 2. Incurred $65,000 of factory labor. (50% Credit Wages Payable, rest in cash.) 3. Incurred $70,000 of manufacturing overhead; 40% was paid and the remainder is unpaid. 4. Requisitioned materials for Assembly $8,900, & Cutting $15,700. 5. Used factory labor for cutting $27,000 and Assembly $29,000. 6. Applied overhead at the rate of $22 per machine hour. Machine hours were Cutting 1720 and Assembly 1,680 Required: Journalize the transactions in proper journal format