5. At the end of the year, the company assembled the following actual cost data relating...

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5. At the end of the year, the company assembled the following actual cost data relating to all jobs worked on during the year: Department Assembly Direct material Direct labour Manufacturing overhead. Cutting $832,000 $352,000 $616,000 Machining $ 98,000 $234,000 $924,900 $442,000 $365,600 $ 98,900 Total Plant $1,372,000 $ 951,600 $1,639,800 a. Compute the underapplied or overapplied overhead for the year, assuming that a plantwide overhead rate is used. Overapplied overhead cost b. Compute the underapplied or overapplied overhead for the year, assuming that departmental overhead rates are used. Cutting Machining Assembly Total plant 5. At the end of the year, the company assembled the following actual cost data relating to all jobs worked on during the year: Department Assembly Direct material Direct labour Manufacturing overhead. Cutting $832,000 $352,000 $616,000 Machining $ 98,000 $234,000 $924,900 $442,000 $365,600 $ 98,900 Total Plant $1,372,000 $ 951,600 $1,639,800 a. Compute the underapplied or overapplied overhead for the year, assuming that a plantwide overhead rate is used. Overapplied overhead cost b. Compute the underapplied or overapplied overhead for the year, assuming that departmental overhead rates are used. Cutting Machining Assembly Total plant