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Please show all steps clearly.. Question 1: Tata Motors produces trucks for commercial use. The company uses a normal job-order costing system to calculate its

Please show all steps clearly..

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Question 1: Tata Motors produces trucks for commercial use. The company uses a normal job-order costing system to calculate its cost of goods manufactured. On January 01, 2019, there was only one job in process with the following costs: Job A-1 Direct materials 5 5,000 Direct labour 15,000 Applied Overhead 30,000 Total $50,000 The following balances were taken from the general ledger of the company as of January 1, 2019: Direct materials inventory $35,000 Finished goods inventory {for Job D-1) 565,000 During the year 2016, the following events occurred: Direct materials were purchased on account for $275,000 Two morejobs were started: lob B-1 and Job (2-1. Direct materials and direct labour costs incurred by eachjob in process during the year 2019 are as follows: Job A-1 Job B-1 Job C-1 Direct Materials $150,000 $30,000 $10,000 Direct Labour $150,000 $3 5,000 $15,000 The company incurred the following actual factory overhead during the year: Factory rent $120,000 Factory Suppiies $ 45,500 Indirect labour $ 75,750 Jobs A-1 and 3-1 were completed, and Jobs 0-1 and A1 were sold. a. Calculate the total applied overhead for the year 2019 if the factory overhead costs are applied to eachjob on the basis ofdirect labour dollars. [2 Marks] b. Determine whether overhead is over-applied or under-applied. By how much? [1 Marks] Prepare simple job order cost sheets for jobs 11-1, 3-1, and C-1. [3 Marks] cl. Prepare a schedule of cost of goods sold, identifying both normal and adjusted cost of goods sold, for the year ended December 31, 2019. [4 Marks] 5"

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