Question 5 Hydro Tech Ltd uses a job order costing system. During the month of September, Hydro Tech Ltd has only one job H753. This job was started in late August and completed on 26 September. Followings are the cost information for job H753, other September costs, and relevant annual estimates. Material issued: $20,000 (80% for direct use on job H753 and 20% for indirect use through September) Labour Direct labour for job H753 (300 DLH @$30 per DLH) $9,000 Indirect labour for September $900 Other September costs Depreciation (30% Factory and 70% Administrative) $4,000 Others (90% Factory and 10% Administrative) $1,600 Overhead cost driver: Direct Labour Hour (DLH) Estimated Annual Overhead Estimated Annual DLH Mark-up as a percent of cost Required $150,000 6,000 20% (a) Compute the overhead to be applied for September to job H753 upon completion on 26 September. (b) Calculate the total manufacturing costs for September for job H753. (c) Prepare the journal entry when job H753 was completed on 26 September, assuming that the balance of work-in-process inventory for job H753 on 1 September was $3,000. (d) Determine the profit on job H753 when it was sold on 26 September. (e) Compute the under- or over-applied overhead for September