Factory Overhead; Job Order Costing. Lamb Company uses job order cost accumulation. Manufacturing costs for December were: LO6 Work in process, December 1 (Job50). $ 54,000 Materials and supplies requisitioned for:

Job50.i. $ 45,000 Job51. 37,500 Job52. 25,500 Supplies. 3,500 Factory direct labor hours:

Job50. 3,500 Job51. 3,000 Job52. 2,000 Labor costs:

Direct laborwages. $102,000 Indirect laborwages. 15,000 Supervisorysalaries. 6,000 Building occupancycosts. 3,500 Factory equipmentcosts. 6,000 Other factorycosts. 5,000 Jobs 50 and 51 were completed during December. The predetemiined factory overhead rate is $4.50 per direct labor hour.

Required:

(1) Compute the total cost of Job 50.

(2) Determine the factory overhead costs applied to Job 52 during December.

(3) Compute the total factory overhead costs applied during December.

(4) Determine the actual December factory overhead incurred.

(5) How should Lamb dispose of any over- or underapplied factory overhead, assuming that the amount is not significant in relation to total factory overhead?

(6) Calculate the amount of over- or underapplied overhead for December. (ICMA adapted)