The following incomplete information is provided in relation to Leapfield Ltd for the month of January.

(i) The actual labour rate is $15 per hour, and overhead is applied on the basis of $12 per direct labour hour.

(ii) Jobs sold during the month were sold for $550,000 (credit sales). The cost of the goods sold during the month was $400,000.

(iii) Office supplies inventory worth $4,700 were issued to production during January.

(iv) A total of 5,000 labour hours were worked during normal working hours. Total overhead premiums incurred during the month are $5,200.

(v) Sundry manufacturing overhead costs incurred during January were $60,000.

Required:

i) Complete the T accounts providing the amounts of a) to l) to show the flow of costs through the company's manufacturing accounts. (NB: No entry is required to close the amount of over/under applied overhead in this part of the question) (6 marks)

ii) Was manufacturing overhead under/over applied during January and by how much? Record the journal entry to close the under/over applied manufacturing overhead. (2 marks)