4C-5

5. At the end of the year, the company assembled the following actual cost data relating to all jobs worked on during the year: Direct materials Direct labor Manufacturing overhead Cutting $ 761,000 $ 317,000 $560,000 Department Machining $ 89,000 $ 210,000 $ 831,000 Assembly S 410,000 S340,000 $ 93,000 Total Plant $1,260,000 $ 867,000 $1,484,000 a. Compute the underapplied or overapplied overhead for the year, assuming that a plantwide overhead rate is used overhead cost b. Compute the underapplied or overapplied overhead for the year, assuming that departmental overhead rates are used Cutting Machining Assembly Total plant overhead cost overhead cost overhead cost overhead cost