Work$-$in$-$Process Inventory for Carston Incorporated at the beginning of the year was a single job, Job T$114$:

Job # Direct Materials Direct Labor Overhead Total

T$114$ $ $35,000$ $ $18,000$ $ $30,500$ $ $83,500$

The company$$s budgeted costs for the year are as follows:

Budgeted overhead

Variable

Indirect materials $ $71,500$

Indirect labor $59,500$

Employee benefits $29,750$

Fixed

Supervision $14,750$

Depreciation $16,750$

Total $ $192,250$

Budgeted direct labor dollars $ $96,125$

Rate per direct labor dollar $200\%$

The company$$s actual costs incurred during the year are as follows:

Job # Incurred by Jobs Total

Materials Labor Other

T$114$ $ $2,700$ $ $10,700$ $ $-$ $ $13,400$

T$11924,70019,400-44,100$

T$1338,70035,750-44,450$

T$1361,70017,050-18,750$

$ $37,800$ $ $82,900$ $ $120,700$

Overhead Incurred by Jobs Total

Materials Labor Other

Indirect materials and supplies $ $62,800--$ $ $62,800$

Indirect labor $-52,800-52,800$

Employee benefits $--35,45035,450$

Depreciation $--16,75016,750$

Supervision $-13,050-13,050$

Total $ $62,800$ $ $65,850$ $ $52,200$ $ $180,850$

Required:

$1.$ What was the actual factory overhead for Carston Incorporated for the year?

$2.$ What was overapplied or underapplied overhead for the year?

$3.$ Job T$114$ was the only job completed and sold in the year. What amount was included in the Cost of Goods Sold account for this job?

$4.$ What was the amount of Work$-$in$-$Process Inventory at the end of the year?