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($accumulated depreciation is the other account affected$)$

Required:

Record all transactions needed to record the information presented above.

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 $($Begley actually incurred

$3,000$ hours of direct labor as stated in part $1).$

c$.$ Record the entry needed to apply 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.