answer please

1. Amex Machining, a small manufacturing organization, uses blanket rate method in overhead costing. In Molding Department, Amex uses direct labor cost as allocation base while calculating predetermined overhead rate. You have been provided with the following budgeted data relating to Molding Department of Amex Organization: Direct labor cost Manufacturing overhead cost : Tk. 280,000 : Tk. 560,000 Required (5 Marks) a) Compute the predetermined factory overhead application rate for Molding Department. b) One of the jobs completed in Molding Department results that it consumes Tk. 300 as direct material cost and Tk. 200 as direct labor cost. Compute the total manufacturing cost of the job by using the rate computed in requirement (a) above. c) At the end of the period, the actual results of Molding Department report below: Direct labor cost : Tk. 310,000 Manufacturing overhead cost : Tk. 600,000 i) Based on the data, compute the amount of over or under applied amount of overhead. Pass the journal entry to apply overhead. ii) Pass the journal entry to dispose over or under applied overhead computed above assuming that it is treated as period cost and factory is held responsible