123 Ltd had the following budgeted figures for 2021.

	Cutting Department	Machining Department
Direct labour cost	R320 000	R122 000
Manufacturing Overheads	R504 000	R525 000
Direct Labour hours	R56 000	R 21000
Machine hours	R 4000	R 75000

Overheads are applied to production as follows:

Cutting department - based on direct labour hours.

Machining department - based on machine hours

At the end of the period the cost records for job 999 were as follows

	Cutting Department	Machining Department
Material costs	R 80 000	R30 000
Direct Labour costs	R 60 000	R25000
Direct labour hours	R 4 606	1200
Machine hours	R 350	6 250

The company sells all its products at cost plus 50%

Required

Calculate The following.

1. The overhead absorption rates for each department

2. The total cost of Job 999

3. The selling price of Job 999

4. The over- or Under-applied overheads for the cutting department for the year, if the actual labour hours for the year totalled 52000 and the actual overhead costs were recorded at R475 000.