Job-Order Costing Worksheet: 1. On June 3, Begley Company purchased 8,000 units of raw materials at $10 per unit. On June 22, raw materials were requisitioned for production as follows: 2,600 units for Job 32 at $10 per unit. During June, Begley Company accumulated 3,000 hours of direct labor at a rate of $22 per hour for Job 32. During June, Begley incurred the following additional costs: indirect materials, $4,000; indirect labor, $15,000; paid for factory utilities cost, $6,500; paid for factory supplies cost, $1,000; factory depreciation, $12,500. Required: Record all transactions needed to record the information presented above. 2. Begley Company estimates that total factory overhead costs will be $480,000 for the year. Direct labor hours are estimated to be 60,000 for the year. Required: a. Determine Begley Co. predetermined factory overhead rate b. Determine the amount of factory overhead applied to Job 32 in June c. Record the application of the factory overhead for Job 32. d. Assume the actual overhead for June was $25,500. Calculate the amount of over or underapplied overhead and indicate whether it is over or under applied. NOTE: For problem 1 - you are recording the transactions in equation format (like we did in class on Monday). Remember, in manufacturing there are 3 different inventory accounts: raw materials, work in process and finished goods. For problem 2 - you are applying overhead to the specific job. (like we did in class on Wednesday)