Actual Direct Departments Department 1 Labor Rates $12 per hour Department 2 $ 15 per hour Budget Overhead Driver Rates $10 per machine hour 150% of direct labor cost Actual Overhead $ 45,000 $ 60,000 Work in Process 01/01/2022 Job 401 $20,000 $34,000 Job 402 Job 403 $11,000 Total $65,000 Direct materials: Department 1 Department 2 Direct labor cost: Department 1 Department 2 $40,000 $26,000 $50,000 $116,000 $5,000 $8,000 $12,000 $25,000 $9,000 $12,000 $7,000 $28,000 $11,000 $16,000 $9,000 $36,000 Machine hours: Department 1 Department 2 800 130 1,200 2,300 250 180 4,300 560 Place the information in T accounts and answer the following questions: a. What was the total allocated overhead during 2022? b. What was the cost of work in process on December 31, 2022? c. What was the value of the cost of goods sold account before any adjustment for over- or underallocated overhead? d. What was the value of the cost of goods sold account after any adjustment for over- or underallocated overhead? e. Why would a company use machine hours to assign overhead in one department and direct labor dollars in another department? f. If the company sells the jobs at a 20% margin based on cost, what was the selling price of Job 401