Week 4 - Chapter 4 Quiz i Saved Help Save & Exit Submit 5 Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 125% of direct labor cost. Selected data concerning the past year's operation of the company are presented below. January 1 December 31 2 01:26:58 Direct materials $ 95, 000 $ 58, 000 Work in process 84, 000 60, 000 Finished goods 133, 090 118, 000 Other information Direct materials purchases 342, 000 Cost of goods available for sale 914,000 Actual factory overhead costs 278,000 The amount of underapplied or overapplied overhead is: Multiple Choice O $110,000 overapplied. $110 000 underannlied