Question: If you could please help me understand this question step by step, I would appreciate it! Thank you! Far Play Company uses a job order

If you could please help me understand this question step by step, I would appreciate it! Thank you!

If you could please help me understand this question step by step,

Far Play Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labour cost in Department A, direct labour hours in Department B, and machine hours in Department C. In establishing the predetermined overhead rates for 2020, the following estimates were made for the year. Department A B C Manufacturing Overhead $725,000 $625,000 $920,000 Direct labour Cost $580,000 $120,000 $625,000 Direct labour Hours 46,500 41,800 41,000 Machine Hours 91,500 108,000 127,500 During January, the job cost sheets showed the following costs and production data. Department A B C Direct Materials Used $92,800 $82,500 $66,500 Direct Labour Cost $54,400 $33,500 $48,000 Manufacturing Overhead $63,300 $69,000 $72,800 Incurred Direct Labour Hours 3,400 4,200 4,300 Machine Hours 7,350 10,650 14,700 Required: 1. Calculate the predetermined overhead rate for each department 2. Calculate the total manufacturing costs assigned to jobs in January in each department. 3. Calculate the under-or over-applied overhead for each department at January 31 st

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