SWEETS CAKES (PTY) LTD Sweets Cakes (Pty) Ltd bake wedding cakes for customers. The following information was obtained for the month of December 2020: Opening balance - Work-in-Progress Opening balance - Direct materials Direct materials purchased during Dec 2020 R 10 000 6 500 18 800 Costs of direct materials required by the individual cakes during the month were as follows: R Cake for Jacques 4 900 Cake for Rosina 4 650 Cake for Elizabeth 3 950 The direct wages for the month (all paid in cash) were as follows: Cake for Jacques Cake for Rosina Cake for Elizabeth 80 labour hours @ R20 per hour 120 labour hours @ R22 per hour 80 labour hours @ R24 per hour Additional information: 1. Cake for Jacques and Cake for Rosina were started in December 2020. 2. Cake for Elizabeth was started during November 2020. 3. Cake for Rosina was completed during December 2020 and Rosina was invoiced for R12 000. 4. A pre-determined manufacturing overhead allocation rate is R5 per direct labour hour. 5. Actual manufacturing overheads for December 2020 were R2 000. In respect of Sweets Cakes (Pty) Ltd: (a) (b) Calculate the total over/under-applied overheads (all cakes) for December 2020, state whether it is over-applied or under-applied and prepare a journal entry showing how the over/under-application will be recorded in Sweets Cake's books at the end of the 31 December 2020 Prepare the following general ledger accounts of Sweets Cakes (Pty) Ltd for the month of December 2020 (also balance the accounts): i. Materials control account. ii. Work-in-progress control account. Calculate the profit/loss) that Sweets Cakes made on Cake for Rosina. Differentiate between Job costing and Process costing. (3) (5) (3) (c) (d) (2)