2 (Total 16 marks) Daxter Industrial Pte Ltd uses a job-order costing system and applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labour hours. At the beginning of the year, the company estimated manufacturing overhead costs at $240,000, direct labour-hours at 10,000, and machine hours at 40,000. Actual overhead costs incurred were $249,280, actual direct labour hours were 11,000, and actual machine hours were 41,000. Job number #2232 was not completed at the end of the year. Materials costs on this job totalled $8,000 and labour costs totalled $3,000 at $10 per hour. Required: (a) Compute the total factory overhead applied for the year for Daxter? (6 marks) (b) Compute the underapplied or overapplied overhead for the year. Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold. (5 marks) (c) Determine the cost of job number #2232 at the end of the year