Daxter Industrial Pte Ltd uses a job-order costing system and applies manufacturing overhead to jobs using a predetermined overhead rate based on direct machine-hours. At the beginning of the year, the company estimated manufacturing overhead for the year would be $950,000, and machine hours would be 100,000. During the year, Job #2206 was completed. The following information was available for this job: Materials requisitioned Direct labour cost Machine hours used Labour hours $450 $210 40 120 During the year, the company worked a total of 146,000 machine-hours on all jobs and incurred actual manufacturing overhead costs of $1,350,000. Required: (a) Determine the accumulated total costs of Job #2206. (8 marks) (b) Determine the underapplied or overapplied overhead. Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold. (8 marks)