Required Information The Foundational 15 (Static) (LO3-1, LO3-2, LO3-3, LO3-4) The following information applies to the questions displayed below.) Bunnell Corporation is a manufacturer that uses Job-order costing on January 1, the company's inventory balances were as follows Raw materials $ 40,000 Work in process $ 18,000 Finished goods $ 35,000 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $16.25 per direct labor-hour was based on a cost formula that estimated $650,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the year a Raw materials were purchased on account, $510,000. b. Raw materials used in production, $480,000 All of of the raw materials were used as direct materials c. The following costs were accrued for employee services direct labor. $600,000; indirect labor, $150,000, selling and administrative salaries, $240,000 a. Incurred various selling and administrative expenses (eg, advertising, sales travel costs, and finished goods warehousing). $367,000. e incurred various manufacturing overhead costs (eg, depreciation, insurance, and utilities), $500,000 - Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor hours on Xin jobs during the year g. Jobs costing $1680.000 to manufacture according to their job cost sheets were completed during the year in Jobs were sold on account to customers during the year for a total of $2,800,000. The jobs cost $1,690,000 to manufacture according to their job cost sheets Foundational 3-8 (Static) 8. What is the total amount of actual manufacturing overhead cost incurred during the year? Total actual manufacturing overhead cost Foundational 3-9 (Static) 9. Is manufacturing overhead underapplied or overapplied for the year? By how much? Foundational 3-10 (Static) 10. What is the cost of goods available for sale during the year? Cost of goods available for sale