Problem 4-29 Paladin Parabolics Company produces high-quality microscopes for education and health care uses. The company uses a job order costing system. Because the microscopes' optics require significant manual labor to ensure adherence to strict manufacturing specifications, the company applies overhead on the basis of direct labor hours. At the beginning of 2017, the company estimated its manufacturing overhead would be $1,960,000 and that employees would work a total of 98,000 direct labor hours. During March, the company worked on the following five jobs. Direct Materials Direct Labor Direct Labor Hours Beginning added during added during added during Balance March Job 134 158 212 287 301 Total March March $118,600 121,450 21,800 34,350 $8,400 12,160 36,650 31,850 21,845 $183,690 $110,905 $4,000 2,500 86,400 71,800 18,990 150 300 3,450 2,700 1,400 8,000 $296,200 lobs 134 and 158 were started in January, Jobs 212 and 287 were started in February, and Job 301 was started in March. During March, workers c delivered to customers during March. d Jobs 134, 158, and 212. Jobs 134 and 212 were Paladin Parabolics Company incurred $176,300 manufacturing overhead in the month of March. Given that expenditure for overhead, was manufacturing overhead under- or overapplied in March? By how much? Over/Underapplied OH $ LINK TO TEXT LINK TO VIDEO Assume that Paladin Parabolics Company doses under-or overapplied overhead to the Cost of Goods Sold account. Calculate the Cost of Goods Sold amount after that adjustment Assume that Paladin Parabolics Company closes under- or overapplied overhead to the Cost of Goods Sold account. Calculate the Cost of Goods Sold amount after that adjustment. Adjusted Cost of Goods Sold LINK TO TEXT LINK TO VIDEO Assume that Paladin parabolics Company prorates under-or overapplied overhead to the appropriate accounts. Calculate the allocated amounts and adjust the account balances as needed. (Round 96 of total and final answers to 2 decimal places, e.g. 52.75% or 52.75.) Adjusted Balance Allocation Work In Process $ Finished Goods Cost of Goods Sold LINK TO TEXT LINK TO VIDEO Job 212 was for 1,000 microscopes. What was the unit cost for the microscopes produced in this job? (Round answer to 2 decimal places, e.g. 3.55.) Unit Cost $ Assume that Paladin Parabolics Company prorates under- or overapplied overhead to the appropriate accounts. Calculate the allocated amounts and adjust the account balances as needed. (Round % of total and final answers to 2 decimal places, e.g. 52.75% or 52.75.) Adjusted Balance Allocation Work In Process Finished Goods LINK TO TEXT LINK TO VIDEO Job 212 was for 1,000 microscopes. What was the unit cost for the microscopes produced in this job? (Round answer to 2 decimal places, e.g. 3.55 Is this the actual cost of producing this job? This the actual cost of producing this job