QUESTION 2 (Total 16 marks) Daxter Auto Company uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Machine hours required to support estimated production 100,000 Fixed manufacturing overhead cost $650,000 Variable manufacturing overhead cost per machine hour $3.00 During the year, Job 2214 was started and completed. The following information was available for this job Direct materials requisitioned Direct labour Machine hour used $680 21 hours at $10 per hour 40 During the year, the company worked a total of 126,000 machine-hours on all jobs and incurred actual manufacturing overhead costs of $1,350,000 Required: (a) Determine the accumulated manufacturing costs assigned to Job 2214. (10 marks) (b) Determine the underapplied or overapplied overhead. Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold. (6 marks)