Save Answer QUESTION 3 10 points Answer one of the following questions (10 marks): 1. In Cost Accounting, manufacturing companies record applied manufacturing overhead on the debit side of "Work in Process" account? How does this practice affect the following accounts at the end of the period: (1) Work in Process, (2) Finished Goods, and (3) Cost of Goods Sold. 2. The following production costs are provided for Glenislay Co., a manufacturer of high-quality headphones: Direct Materials $40 Direct Labor $25 Variable Overhead $15 Fixed Overhead $30 Total $110 It has been determined that the headphones could be purchased from Integrated Labs at a cost of $90 plus $5 shipping costs. Assume 40% of fixed overhead allocated to making headphones relates to a production manager who would not be retained if the headphones were not produced by Glenislay. Considering the offer from Integrated Labs, show whether Glenislay should make or buy the product. Support your answer with calculations. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). 1 C