Work-in-Process Inventory for Carston Incorporated at the beginning of the year was a single job; Job T114: Job T114 Direct Materials Direct Labor Overhead $32,500 5.16,750 $29,250 The company's budgeted costs for the year are as follows: Budgeted overhead Variable Indirect materials Indirect labor Employee benefits Fixed Supervision Depreciation Total Budgeted direct labor dollars. Rate per direct labor dollar Total $78,500 $ 69,000 57,000 28,500 13,500 15,500 $183,500 591,750 200 The company's actual costs incurred during the year are as follows: Incurred by Jobs Labor Other $- Total $ 12,400 Job Materials T114 $2,200 $10,200 7119 24,200 18,400 T133 0,200 34,500 T136 1,200 16,300 42,600 42,700 17,500 $ 35,800 $ 79,400 $ 115,200 Overhead Indirect materials and supplies Indirect labor Employee benefits: Depreciation Supervision Total Materials Incurred by Jobs Labor Other Total $ 60,800 560,800 50,800 50,800 33,700 15,500 33,700 15,500) $ 60,800 12,300 $ 63,100 12,300 $ 49,200 $ 173,100 Chec $ 35,800 $ 79,400 $ 115,200 Overhead Indirect materials and supplies Indirect labor Employee benefits Depreciation Supervision Total Required: Incurred by Jobs Materials $ 60,800 Labor Other Total $ 60,800 50,800 50,800 33,700 15,500 33,700 15,500 12,300 12,300 $ 60,800 $ 63,100 $ 49,200 $ 173,100 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