Tinkle-Tinkle Glass Company makes glass globe paper weights for desks. The company uses a job-order cost system and predetermined overhead rates to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Fabrication Department is based on machine hours, and the rate in the Finishing Department is based on direct labor hours. At the beginning of the year, the companys management made the following estimates for the year:

Department

Fabrication Finishing

Machine hours 83,000 28,000

Direct labor hours 30,000 43,000

Direct material cost $412,000 $213,000

Direct labor cost $299,000 $692,000

Fixed manufacturing overhead cost $799,000 $279,000

Variable manufacturing overhead per machine hour $2.05 --

Variable manufacturing overhead per direct labor hour -- $2.00

Job 25 (the Christmas holiday special) was started on August 1 and completed on August 31. The companys cost records show the following information concerning the job:

Department

Fabrication Finishing

Machine hours 315 80

Direct labor hours 105 125

Direct materials cost $1,305 $1,030

Direct labor cost $880 1,085

Compute the predetermined overhead rate used during the year in the Fabrication Department. (Round to two decimal places.) Do the same for the Finishing Department. (Round to two decimal places.) Be careful to use the proper cost driver.

Compute the total overhead cost applied to Job 25 (in dollars and cents).

What would be the total cost recorded for Job 25? If Job 25 contained 50 units, what would be the unit product cost? If it contained 800 units, what would be the unit product cost? (Round to two decimal places.)

At the end of the year, the records of Tinkle-Tinkle Glass revealed the following actual cost and

operating data for all jobs during the year:

Department

Fabrication Finishing

Machines hours 87,000 31,000

Direct labor hours 32,000 30,000

Direct materials cost $424,000 $160,000

Manufacturing overhead cost $712,000 $287,000

What was the amount of actual overhead in each department at the end of the year? Was it underapplied or overapplied? (You should have a total of four answers for this question.)