Cash	$	170,000
Accounts receivable		75,000
Raw materials inventory		80,000
Work in process inventory		0
Finished goods inventory		15,000
Prepaid rent		3,000
Accounts payable				$	17,000
Notes payable					25,000
Common stock					50,000
Retained earnings					271,000
Sales					373,000
Cost of goods sold		218,000
Factory overhead		115,000
Operating expenses		60,000
Totals	$	736,000		$	736,000

After examining various files, the manager identifies the following six source documents that need to be processed to bring the accounting records up to date.

Materials requisition 21-3010:		$	10,200	direct materials to Job 402
Materials requisition 21-3011:		$	18,600	direct materials to Job 404
Materials requisition 21-3012:		$	5,600	indirect materials
Labor time ticket 6052:		$	36,000	direct labor to Job 402
Labor time ticket 6053:		$	23,800	direct labor to Job 404
Labor time ticket 6054:		$	8,200	indirect labor

Jobs 402 and 404 are the only units in process at year-end. The predetermined overhead rate is 200% of direct labor cost.

1.

value: 3.00 points

Required information

a.	Direct materials costs to Work in Process Inventory.
b.	Direct labor costs to Work in Process Inventory.
c.	Overhead costs to Work in Process Inventory.
d.	Indirect materials costs to the Factory Overhead account.
e.	Indirect labor costs to the Factory Overhead account.

Question: determine the revised balance of the factory overhead account after making the entries in part 1 using T accounts. Determine whether there is any under or overapplied overhead for the year.