Saved Help Save & Exit Submit Check my work Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing sys of direct labor-hours. Its predetermined overhead rate was based on a cost formula that estimated $351,000 of manufacturing overhead for an estimated allocation base of 900 direct labor-hours. The following transactions took place during the year tem that applies manufacturing overhead cost to jobs on the basis a. Raw materials purchased on account, $265,000. b. Raw materials used in production (all direct materials), $250,000 C. Utility bills incurred on account, $72.000 (85% related to factory operations, and the remainder related to selling and administrative activities) d. Accrued salary and wage costs: Direct labor (988 hours) Indirect labor $295,00e $103,80e $175,00e Selling and administrative salaries