Part 4 of 4 5 points Budgeted manufacturing overhead Actual manufacturing overhead Budgeted direct-labor cost (based on practical capacity) Actual direct-labor cost Budgeted machine hours (based on practical capacity) Actual machine hours Direct material Direct labor Machine hours Machining Assembly Department Department $4,000,000 $3,024,000 4,270,000 3,040,000 Machining Department $23,500 $27,800 360 1,500,000 1,450,000 400,000 425,000 The data that follow pertain to job no. 775, the only job in production at year-end. 1 5,600,000 5,780,000 Assembly Department $ 6,600 $58,500 150 100,000 110,000 Selling and administrative expense amounted to $2,500,000. 4. Determine whether overhead was under- or overapplied during the year in the Assembly Department.

The data that follow pertain to job no. 775 , the only job in production at year-end. Selling and administrative expedse amounted to $2,500,000. Determine whether overhead was under-or overapplied during the year in the Assembly Department: Timing Technology. Inc., manufactures timing devices. During 201,1,800,000 units were completed and transferred to finished-goods inventory. On December 31,201, there were 350,000 units in work in process. These units were 52 percent complete as to conversion and 100 percent complete as to direct materlal. Finished-goods inventory consisted of 594,000 units. Materials are added to production at the beginning of the manufacturing process, and overhead is applied to each product at the rate of 100 percent of direct-labor costs. There was no finished-goods inventory on January 1,201. A review of the inventory cost records disclosed the following information: Complete the following schedule as of December 31,20x1, to compute the costs per equivalent unit for material and conversion. lound "Cost per Equivalent Unit" to 2 decimal ploces.)