1) What is the job cost equation for materials, WIP, and FG?

2) make a T-account for actual Overhead and a separate T-account for Applied overhead. Calculate the difference between the actual OH and applied OH and label which one is over or under applied

Systems Design: Job-Order Costing by Nkr.) The company uses a job-order costing system and applies manufacturing overhead cost to jobs on the basis of direct labor-hours. At the beginning of the year, the following estimates were made for the purpose of computing the predetermined overhead rate: manufacturing overhead cost, Nkr360,000; and direct labor-hours, 900. The following transactions took place during the year (all purchases and services were ac- quired on account) a. Raw materials were purchased for use in production, Nkr200,000. b. Raw materials were requisitioned for use in production (all direct materials), Nkr185,000. c. Utility bills were incurred. Nkr?0.000 (90% related to factory operations, and the remainder related to selling and administrative activities). Salary and wage costs were incurred: d. Nkr230,000 Indirect labor Selling and administrative salaries.... Nkr110,000 Maintenance costs were incurred in the factory, Nkr54,000. e. f. Advertising costs were incurred, Nkr136,000. Depreciation was recorded for the year, Nk95 000 (80% related to factory equipment, and the remainder related to selling and administrative equipment). Rental cost incurred on buildings, Nkr 120,000 (85% related to factory operations, and the re- mainder related to selling and administrative facilities). g h i. Manufacturing overhead cost was applied to jobs, Nkr2 J. Cost of goods manufactured for the year, Nkr770,000. k. Sales for the year (all on account) totaled Nkr1.200,000. These goods cost Nkr800,000 according to their job cost sheets. The balances in the inventory accounts at the beginning of the year were: Finished Goods Nkr60,000 urred