The question is attached below.

Question I (25 marks) Glass Mountain Vases Lid. (GMV) manufactures a variety of vases that it sells to various craft stores in Canada. The company uses a job-order costing in which a predetermined overhead rate is used to apply manufacturing overhead costs to jobs. In the Firing Division costs are based on machine-hours and the Dying division is based on direct labour hours. At the beginning of the year the. Glass Mountain made the following estimates: Department Firing Dying Direct labour hours 10.000 75.000 Machine hours 85.000 6.000 Direct materials cost $565.000 $320.000 Direct labour cost $110.000 $420.000 Manufacturing overhead cost $600.000 $745.000 Job 118R was started on March 2 and finished on March 11. For Job 118R the cost records show the following: Department Firing Dying Direct labour hours 21 65 Machine hours 125 18 Direct materials cost $450 $230 Direct labour cost $325 $110 Compute the Following: 1. Compute the predetermined overhead rate used during in the Firing Division. Compute the rate in the Dying department 2. Compute the total overhead cost for job 118R 3. What is the total cost for job 118R. If the job consisted of 40 units what is the total cost per job. 4. At the end of the year. Glass Mountain have the following actual costs: Department Firing Dying Direct labour hours 8.000 82.000 Machine hours 80.000 11.000 Direct materials cost $420.000 $400.000 Direct labour cost $155.000 $385.000 Manufacturing overhead cost $605.000 $750.000 What was the amount of under or over applied overhead in each department at the end of the year