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Answer the three required questions in the picture Tapestry Limited has two departments, Department A and Department B. Tapestry uses a job order system and

Answer the three required questions in the picture

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Tapestry Limited has two departments, Department A and Department B. Tapestry uses a job order system and applies manufacturing overhead to products on the basis of direct labour hours for Department A and machine hours for Department B. At the beginning of the year, Tapestry Limited estimated the following: Department A Department B Direct Labour Hours 26,000 8,000 Machine Hours 5,000 32,000 I Manufacturing Overhead ' $403,000 $352,000 Job 1368 which produced 65 units, required the following: Department A Department B Direct Materials 5845 S$468 Direct Labour $132 ' Direct Labour Hours 8 Machine Hours 96 At the end of the year, actual manufacturing overheads were $463,105 for Department A and $347,600 for Department B. In addition, actual direct labour hours and machine hours for Department A and B for the year are: Department A Department B Direct Labour Hours 28,510 8,200 Machine Hours 6,150 33,400 Required: 1. Calculate the predetermined overhead rates for each department. 2. Calculate the overhead cost applied to Job 1368. 3. Whatis the over or under applied manufacturing overhead for Department A & Department B for the year? Clearly identify the amount and if it is over or under applied

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