Dynamadics Inc. is large, locally owned company operating in several regions within western Canada. Each region manufacture and sell apparel and accessories for both business and casual wear. The products lines include shoes, boots, sandals, purses, backpacks and computer bags. The company has an extensive distribution channel allowing for sales throughout the world. Operational information Part 1 Dynamadics uses a job-order costing system in all of its operations. Manufacturing overhead costs (MOH) are applied to the manufacturing costs for all product lines using predetermined overhead rates. The following estimates were established at the beginning of the year for one specific product line Specialized purses. Division Moulding Detailing Cost Driver (for PDOHR) Machine hours Direct labour cost Direct labour hours 12,750 61,500 Machine hours 73,000 8,300 Direct materials cost $513,000 $653,000 Direct labour cost $127,500 $430,500 Manufacturing overhead cost $649,700 $731,850 A recent order was started on August 1 and completed on August 10th. This order was assigned job order number 220 and included 50 specialized purses made from high quality leather requiring hand-crafted detailing which is unique to each purse. The companys cost records are presented below for this job order. Division Moulding Detailing Direct labour hours 20 110 Machine hours 120 15 Materials placed into production $500 $362 Direct labour cost $320 $710 Acct225 Integrative Case #1 Page 3 of 6 At the end of the year, Dynamadics recorded the following actual costs and operating data for all jobs that were completed in each of these two divisions during the year. Division Moulding Detailing Direct labour hours 10,300 62,300 Machine hours 65,300 9,300 Direct materials cost 433,000 683,000 Direct labour cost 111,000 439,000 Manufacturing overhead cost 592,470 722,625 Requirement #1 (14 marks) You have been asked to provide the following: 1. Total cost for Job 220. (6 marks) 2. Cost per unit. (1 mark) 3. The journal entry to close out the overhead account in each division at the end of the year. (7 marks)