Answers to QUESTION 2 & 3 with complete solutions please

Question 2 to Octllery Manufacturing Inces a job-order casting system. During the month materials purchased on credit amounted to 198.000 the waterials issued to the production amounted to P195.000 of which 50.000 were indirect Factory Dayroll incurred amounted to 370.000 paid in cash, of which P50,000 was indirect tibor, Therm uses a predetermined ovested application rate of 120% of direct labor cost. Total overhead costs incurred during the month amounted to 372.900. The amount of OVER (UNDER APPLIED OVERHEAD sovetto ** INDICATE in the solution sheet whether MOHI OVERAPPLIED OR UND RAPPLIED CAUTION of the answer I UNDE APPLIED encode the minus sign before the numerical antwer. Da ne place any space Question 1 Lation Corporation has two production departments Casting and Custom The company uses a border costing wsten and comptes a predetermined overed in each production department. The Casting Department's predetermined overhead ste is based on machine hours and the Customizing Department's predetermined overhead role is based on directhborhours. At the beginning of the content year, company to made the following estimates Casting Customizing Machines IMIO 20.000 16.400 Direct laboe-hours 7.000 0000 To MOH 175.000 +385.500 Varie MOH MH P250 Varish MOM POH 100 Cutoming Durn the current on the constarted and filed Job 11. The following were recorded for this job Job Leal 11 Casting Machine hours Directors Thement of applied in the CUSTOMIZING DEPARTMENT lab test 118 is costo Not For informations une decimal places ROUND-UP Anal answer to a whole number 500 100 700 450