At Collins Company, manufacturing each job requires work in two departments - Production Department A and Production Department B. The Collins Company uses departmental predetermined factory overhead rates to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor cost in Department A and on machine hours in Department B. At the beginning of the year, the company made the following estimates: Department Department A B $65,000 $42,000 Direct labor cost Manufacturing overhead $130,000 $48,000 Direct labor hours 8,000 10,000 Machine hours 3,000 20,000 Job 500 was one of the jobs completed during the year. Job 500 had used the following resources in each department: Department Department B Direct materials $1,800 cost $1.200 Direct labor cost $2.000 $1,000 Direct labor 100 hours 50 Machine hours 45 120 Compute total cost of manufacturing Job 500. Arrow Industries manufactured 19,000 units of product during May using 121,600 pounds of direct materials which had purchased at $1.95 per pound. Journal entry to record the materials usage transaction is: Debit Credit A) WIP Inventory 237,120 Cash 237,120 B) FG Inventory 237,120 WIP Inventory 237,120 C) WIP Inventory 237,120 RM Inventory 237,120 D) FG Inventory 237,120 RM Inventory 237,120 Rose Company uses a predetermined overhead rate based on machine hours to apply manufacturing overhead to jobs. $400,000 On January 1, the estimates for the year were: Manufacturing overhead Machine hours Direct labor hours 20,000 15,000 During year, the actual results were: Manufacturing overhead Machine hours $370,000 18,000 Direct labor hours 14,500 Compute the amount of over or under applied factory overhead if any and indicate the type too (O over applied or U-Under applied)