PR 3-48 (Algo) Part 5 If the company disposes of under-or overapplied overhead as an adjustment... 5. If the company disposes of under-or overapplied overhead as an adjustment to Cost of Goods Sold, would the company/s Cost of Goods Sold occount increase or decrease? PR 3-48 (Algo) Part 6 How much overhead would have been charged to the company's Work-inProcess... 6. How much ovethead would have been charged to the compary's Work-in-Process account during the year? Required information PR 3-48 (Algo) Job-Order Costing; Focus on Overhead and Cost Drivers (LO 3-2, 3-4, 3-5, 3-7) [The following information applies to the questions disployed below] Garcia, incorporated, uses a job-order costing system for its products, which pass from the Machining Department, to the Assembly Department, to finished goods inventory The Machining Deportment is heavily automated, in contrast, the Assembly Deparment performs o number of manizal-assembly octivities. The company applies manufacturing overhead using machine hours in the Machining Department and direct labor cost in the Assembly Department. The followng informotion relates to the year just ended. The dete that follow pertein to job number 775 , the only job in production at year-end Seling and adminstrative expense amounted to $2,500000 PR 3.48 (Algo) Part 4 Determine whether overhead was under- or overapplied... 4. Determine whether overhead was under or overapplied during the year in the Assembly Department