Garcia, Incorporated, uses a job-order costing system for its products, which pass from the Machining Department, to the Assembly Department to finished.roods imventary. The Machinine Department is heavily automated: in contrast, the Assembly Department performs a number of manual-assembly activites. The company applies manufacturing overhead Using machine hours in the Machining Department and directiabor cost in the Assembly Department. The following information relates to the year just ended: The data that follow pertain to job number 775 , the only job in production at year-end. Selling and administrative expense amounted to $2,500,000. PR 3-48 (Algo) Part 2 Compute the cost of the company's year-end work-in-process inventory. Garcia, Incorporated, uses a job-order costing system for its products, which pass from the Machining Department, to the Assembly Department performs a number of manual-assembly activities. The company apples manufacturing overhead using machine hours in the Machining Department and direct-labor cost in the Assembly Department. The following information relates to the year just ended: The data that follow pertain to job number 775 , the only job in production at year-end. Selling and administrative expense amounted to $2,500,000. PR 3-48 (Algo) Part 6 How much overhead would have been charged to the company's Work-inProcess... 5. How much overhead would have been charged to the company's Work-in-Process account during the year? PR 3-48 (Algo) Job-Order Costing: Focus on Overhead and Cost Drivers (LO 3-2.3.4, 3-5, 3-7) The following information applies to the questions displayed below? Garcia, Incorporated, uses a job-order costing system for its products, which poss from the Machining Department, to the Assembly Department, to finished-goods inventory. The Mochining Deportment is heavily automated; in contrast, the Assembly Department performs a number of manual-astembly actilities The company-apntles manufacturing overhead using machine hours in the Machining Department and direct fabor cost in the Assembly Department. The following information relates to the year just endod: The data that follow pertain to job number 775 , the only job in production at year-end. Selling and administrative expense amounted to $2,500,000. R 3-48 (Algo) Part 5 If the company disposes of under- or overapplied overhead as an adjustment... 5. If the company disposes of under- or overappled overhead as an adjustinent to Cost of Goods Sotd, woutd the company's Cost of Goods Sold account increase or docrease? Garcia, Incorporated, uses a job-order costling system for its products, which pass from the Machining Department, to the Assembly Department, to finished-goods inventory. The Mochining Department is heavily automated, in contrast, the Assembly Departiment performs a number of manual-assembly activies. The company apples manufacturing overiead using machine hours in the Machining Department and direct-labor cost in the Assembly Department. The following information relates to the year just ended The date that follow pertain to job number 775 , the only job in production at year-end. Selling and odministrative expense omounted to $2,500,000 PR 3-48 (Algo) Part 3 Determine whether overhead was under- or overapplied... 3. Determine whether averhead was undet- or overappoed during the yoar in the Machinling Departhent Gatche, Incorporated, uses a job-order costing system for its products, which pass from the Machining Department, to the Assembly Department performs a number of manualassembly activities. The company applies manufacturing overhead using machine hours in the Machining Department and directlabor cost in the Assembly Department: The following information relates to the year just ended: The data that follow pertain to job number 775 , the only job in production at year-end. Selling and administrative expense amountred to $2,500,000. PR 3-48 (Algo) Part 7 Comment on the appropriateness of the company's cost drivers... 7. Comment on the opproprinteners of the company's cost divers fte., the use of machine hours in Muchining and direct-labor cost in Assembly. Garcia, Incorporated, uses a job-order costing system for its products, which pass from the Machining Department, to the Assembly Department, to finished-goods inventory. The Machining Department is heavily automated, in contrast, the Assembly Department Derforms a number of manual-sekembly srthities The company enplies manudartirines overhear using machine hours in the Machining Department and direct-labor cost in the Assembly Department. The following information relates to the year just ended: The data that follow pertain to job number 775 , the only job in production at year-end Selling and odministrative expense omounted to $2,500,000. PR 3-48 (Algo) Part 4 Determine whether overhead was under- or overapplied... 4. Determine whether overhead was under or overapplied during the year in the Assembly bepartment