Work-in-Process Inventory for Carston Incorporated at the beginning of the year was a single job, Job T114:

Job #

T114

Direct Materials Direct Labor Overhead

$ 41,000

$ 21,000

$ 33,500

Total

$ 95,500

The company's budgeted costs for the year are as follows:

Budgeted overhead

Variable

Indirect materials

Indirect labor

Employee benefits

Fixed

Supervision

Depreciation

Total

Budgeted direct labor dollars

Rate per direct labor dollar

$ 77,500

65,500

32,750

17,750

19,750

$ 213,250

$ 106,625

200%

The company's actual costs incurred during the year are as follows:

Job #

T114

Incurred by Jobs

Materials

Labor

$ 3.900

$ 11.900

Other

S -

Total

$ 15.800

T114

T119

T133

T136

Incurred by Jobs

Materials

Labor

$ 3,900

$ 11,900

25,900

21,800

9,900

38, 750

2,900

18,850

$ 42,600

$ 91,300

Other

Total

$ 15,800

47,700

48,650

21, 750

$ 133,900

Overhead

Indirect materials and supplies

Indirect labor

Employee benefits

Depreciation

Supervision

Total

Materials

$ 67,600

Incurred by Jobs

Labor

Other

57,600

39,650

19, 750

$ 67,600

14.850

$ 72,450

$ 59,400

Total

$ 67,600

57,600

39,650

19, 750

14,850

$ 199,450

Required:

1. What was the actual factory overhead for Carston Incorporated for the year?
2. What was overapplied or underapplied overhead for the year?

3. Job T114 was the pnly job completed and sold in the year. What amount was included in the Cost of Goods Sold accoun

for this job?

4. What was the amount of Work-in-Process Inventory at the end of the year?