Work-in-Process Inventory for Carston Inc. at the beginning of the year was a single job, Job T114: Direct Materials Direct Labor Overhead Total 7114 $ 32,500 $ 16,750 $ 29,250 $78,500 Job The company's budgeted costs for the year are as follows: $ 69,000 57,000 28,500 Budgeted overhead Variable Indirect materiala Indirect labor Employee benefits Fixed Supervision Depreciation Total Budgeted direct labor dollars Rate per direct labor dollar 13,500 15.500 $183,500 $ 91,750 2005 The company's actual costs incurred during the year are as follows: Other Job 1114 1119 1133 2136 Incurred by Jobs Materials Labor $ 2,200 $ 10, 200 24,200 18,400 8.200 34,500 1,200 16,300 $ 35,800 $ 79,400 Total $ 12,400 42,600 42,700 17.500 $115,200 Materials 60,800 Incurred by Jobs Labor Other 50.800 Overhead Indirect materials and supplies Indirect labor Employee benefits Depreciation Supervision Total 33,700 15,500 Total 60.800 50.800 33, 700 15,500 12,300 $173, 100 $ 60,800 12,300 $63,100 $ 49,200 Required: 1. What was the actual factory overhead for Carston Inc. for the year? 2. What was overapplied or underapplied overhead for the year? 3. Job T114 was the only job completed and sold in the year. What amount was included in the Cost of Goods Sold acco Job? 4. What was the amount of Work-in-Process Inventory at the end of the year? 1. Total actual Overhead 2