QS 15-15 (Algo) Computing overhead cost flows LO P4 Built-Tite uses job order costing. The T-account below summarizes Factory overhead activity for the current year Factory Overhead Debit Credit 17,400 111,400 26,400 61,400 1. Compute total applied overhead cost. 2. Compute total actual overhead cost. 3. Compute the underapplied or overapplied overhead. 1. Total applied overhead cost 2. Total actual overhead cost 3. QS 15-20 (Algo) Computing and recording under- or overapplied overhead LO P4 Rize Company reports the following (partial) T-account activity at the end of its first year of operations. Factory Overhead Debit Credit 82,400 411,600 127,000 196,300 1. Compute the under-or overapplied overhead for the year. 2. Prepare the journal entry to close Factory Overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the under-or overapplied overhead for the year. The under or overapplied overhead for the year Actual overhead Applied overhead Required Required 2 > B c D $38,000 12,400 8,750 95,290 83,200 100,000 Inventories Raw materials, beginning Work in process, beginning Finished goods, beginning Cost of goods manufactured Cost of goods sold (not considering over or underapplied overhead) Sales Predetermined overhead rate based on direct materials used Costs incurred for the period Raw materials purchases Direct materials used Direct labor used Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs 80% $18,460 43,250 22,800 9,300 16,400 4,300 Required: 1. Complete the T-accounts for each of the three inventory accounts using the data provided in the above table. (Use cells A4 to E11 from the given information to complete this question.) Raw Materials Inventory Beginning Ending Work in Process Inventory Beginning Ending Finished Goods Inventory Beginning Ending 2. Compute overapolled or underapplied overhead