Ches Work-in-Process Inventory for Carston Incorporated at the beginning of the year was a single job, Job T114: Job Direct Materiais Direct Labor Overhead Total 532,500 $ 16,250 $ 29,250 $78,500 The company's budgeted costs for the year are as follows: $.69.000 57,000 28,500 Budgeted overhead Variable Indirect materials Indirect labor Employee benefits Fixed Supervision Depreciation Total Budgeted direct labor dollars Rate per direct labor dollar 13,500 15,500 $183,500 5. 91,750 2001 The company's actual costs incurred during the year are as follows: Job T114 T119 T133 T136 Incurred by Jobo Materia Labor Other $ 2,200 $ 10,200 $ 24,200 18,400 0,200 34,500 1.200 16,300 5 35,800 1772.400 Total $ 12,400 42.600 42,700 17,500 5 115,200 Othor Incurred by John Materials Labor 560, 800 50.800 Overhead Indirect materials and supplies Indirect labor Employee benefits Dopreciation Supervision Total 33.700 15,500 Total 560.000 50.800 33,700 15,500 12.300 $ 173, 100 12,300 $ 63,100 5.60.800 5.49.200 $ 35,800 $ 79,400 $ 115,200 Incurred by Jobs Materials Labor $ 60,800 50,800 Other Overhead Indirect materials and supplies Indirect labor Employee benefits Depreciation Supervision Total 33,700 15,500 Total $ 60, 800 50,800 33,700 15,500 12,300 5173, 100 $ 60,800 12,300 $ 63, 100 S49,200 Required: 1. What was the actual factory overhead for Carston Incorporated for the year? 2. What was overapplied or underapplied overhead for the year? 3. Job T114 was the only Job completed and sold in the year. What amount was included in the Cost of Goods Sold account for this job? 4. What was the amount of Work-in-Process Inventory at the end of the year? 1. Total actual overhead 2 3. Cost of goods sold for job T114 4. Work-in-process inventory