ss Inventory for Carston Incorporated at the beginning of the year was a single job Direct Materials Direct Labor $ 41,500 $ 21,250 The company's budgeted costs for the year are as follows: Job # T114 Budgeted overhead Variable Indirect materials Indirect labor Employee benefits Fixed Supervision Depreciation Total Budgeted direct labor dollars Rate per direct labor dollar Overhead $ 33,750 Total $ 96,500 $ 78,000 66,000 33,000 18,000 20,000 $ 215,000 $ 107,500 200%

The company's budgeted costs for the year are as follows: Problem 4-42 (Algo) Cost Flows and Application of Overhead [LO 4-3, 4-4, 4-5] Work-in-Process Inventory for Carston Incorporated at the beginning of the year was a single job, Job T114: The company's budgeted costs for the year are as follows The company's actual costs incurred during the year are as follows: Required: 2. What was overapplied or underapplied overhead for the year? 3. Job 1114 was the only job completed and sold in the year. What amount was included in the Cost of Goods Sold account for this job? 4 What was the amount of Work-in Process Inventory at the end of the year