Compute for the underapplied or overapplied overhead for each department and for the factory as a whole. (4.) Octopussy Company uses a predetermined overhead rate in applying overhead to production orders on a labor-cost basis for Dept. A and on a machine-hour basis for Dept. B. At the beginning of 1982, the company made the following predictions: Dept. A Dept. B Direct-labor cost P128,000 P 35,000 Factory 144,000 150,000 overhead Direct-labor 16,000 5,000 hours Machine-hours 1,000 20,000 IECOSAC Handouts page 45 al X pg (a) What is the predetermined overhead rate that should be used in each department? (b) During the month of March, the cost sheet for production order No.1007 shows the following: Dept. A Dept. B Materials P20 P40 requisitioned Direct-labor cost 32 21 Direct-labor 4 3 hours Machine-hours 1 13 What is the total overhead cost of production order No. 007? (c) Assuming that Job No. 007 consisted of 20 units of product, what is the unit cost of Job. No. 007? (d) At the end of 1992, it was found that actual factory overhead costs were P160,000 in Dept. A and P138,000 in Dept. B. Compute for the over- or underapplied overhead for each department, assuming that the machine- hours were 18,000 in Dept. B and the actual direct labor cost in Dept. A was P148,000. inth nnorntion for March of the Goodfield