Identify which of the listed events are financial transactions. ​(Select "Yes" if it is a financial transaction and​ "No" if it is not a financial​ transaction.) Sell admission tickets, $180,000, cash No Purchase merchandise inventory, $12,000, on account Yes Rent lockers to guests, $950, cash Yes Sign a letter of intent to switch electric suppliers starting in June No Pay employees, $90,000, cash No Make an offer of employment for a new position in the Merchandise & Games office No Borrow money from bank by signing a six-month note, $225,000 Yes

Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.