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PART B Glaze Sdn. Bhd. is a jeweller, specialising in custom-made rings. On 1 December 2020, raw materials inventory totalled at RM1,500; and, work-in-process inventory totalled at RM2,500 for Job Alia. Overhead costs for December 2020 is estimated at RM1,400. The following information are available for December: 05/12 RM10,200 of raw materials were purchased on account. RM200 of the materials purchased were for indirect materials. 23/12 RM4,000 of employee salary costs were incurred. of this amount, RM1,400 were related to direct labour and RM1,200 were related to indirect labour. The balance of the accrued amount are meant for the sales manager's salary. 31/12 Depreciation on office equipment is charged at RM2,500. Various other manufacturing overhead costs were incurred on account for RM1.200. A summary of source documents for December are as follows: Employee No. GLAZE SDN. BHD. Material Requisition Slip December 2020 Date Job/Remarks Amount (RM) 02/12 Alia 800 05/12 Bala 1,200 10/12 Chan 1,500 12/12 General Use 1,000 15/12 Bala 3,000 20/12 Daron 4,000 Approved by: Jackson Wang - Store Manager DL001 DL003 DL002 Jackson DL003 DL001 GLAZE SDN. BHD. Monthly Time Ticket December 2020 Date Job/Remarks Employee Hours No. (DLH) 02/12 Alia DL001 8 05/12 Bala DL003 8 10/12 Chan DL002 8 15/12 Bala DL003 8 20/12 Daron DL001 8 24/12 General - cleaner Approved by: Sharifah - Supervisor Amount (RM) 300 200 200 400 300 1,200 The overhead costs is applied to each job at a rate of 100% on direct labour costs. 3 Job Alia and Job Bala were completed at the end of December. Job Bala is sold immediately for cash at a margin of 20% above the total product cos! Required: a) Journalise the accumulation and assignment of costs for December 2020. (15 marks) b) What is the expected amount (in RM) in the Work-in-Process Inventory account at the end of the month? What does this balance consist of? (7 marks) c) How much is Job Bala sold at (selling price) in December? (3 marks) d) Determine whether the overhead was under- or over-applied and by how much (3 marks) e) Prepare the adjusting entry for the Manufacturing Overhead T-account. (2 marks)

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