********* Laguna Manufacturing Corporation uses the job order cost system of accounting. Shown below is a list of the jobs completed during the month of December showing the actual charges for materials, labor and factory overhead costs. Materials Labor Other Indirect Direct Direct Indirect Production Costs Completed 8,000.00 160.00 4,000.00 800.00 5,000.00 10 3,000.00 60.00 1,880.00 370.00 2,400.00 10 3,800.00 85.00 2,000.00 400.00 2,520.00 10 5,200.00 110.00 2,800.00 560.00 3,550,00 10 Units Job Order 111 121 131 - 141 6888 Required: 1. Assuming that factory overhead is applied on the basis of direct labor costs and that the predetermined rate is 150%, determine the following: a. The amount of overhead to be added to the cost of each job completed. b. The total cost of each job completed during the month. c. The total cost of producing all the jobs finished during the month. d. Unit cost of jobs completed. e. Is the factory overhead over-applied or under-applied? By how much? 2. Assuming that Laguna Manufacturing Corporation is using actual cost system, compute the following: a. The amount of overhead to be added to the cost of each job completed. b. The total cost of each job completed during the month. c. The total cost of producing all the jobs finished during the montb. d. Unit cost of jobs completed. Use the following Job Order Cost Sheets for your computations. 1. Job Order No. Direct Materials Direct Labor F.O. - Applied 111 Total Cost No. of Units Unit Cost ... Job Order No. Direct Materials Direct Labor F.O. - Applied *************** Total Cost No. of Units Unit Cost ................... 121 Job Order No Direct Materials Direct Labor F.O. - Applied Total Cost No. of Units Unit Cost 131 Job Order No. Direct Materials Direct Labor F.O. - Applied Total Cost No. of Units Unit Cost --- 141 Total Manufacturing Cost Total Factory Overhead - Applied Less: Factory Overhead - Control Over (Under) Applied Factory Overhead 2. Job Order No. Materials Labor F.O. - Actual Total Cost No. of Units Unit Cost 111 Materials Job Order No. Labor F.O. - Actual Total Cost Unit Cost No. of Units 121 Materials Labor F.O. - Actual Total Cost Unit Cost Job Order No. No. of Units 131 Labor Materials F.O. - Actual Total Cost Unit Cost No. of Units Job Order No. 141 Total Manufacturing Cost