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Dagostino Corporation uses a job-order costing system. The following data relate to the just completed month's operations.
(1) Direct materials requisitioned for use in production, $154,000
(2) Indirect materials requisitioned for use in production, $45,000
(3) Direct labor wages incurred, $94,000
(4) Indirect labor wages incurred, $119,000
(5) Depreciation recorded on factory equipment, $44,000
(6) Additional manufacturing overhead costs incurred, $83,000
(7) Manufacturing overhead costs applied to jobs, $236,000
(8) Cost of jobs completed and transferred from Work in Process to Finished Goods, $458,000
Use the following T-accounts to answer the following question.
| Work In Process |
| Debit | Credit |
| Balance | $48,000 | | |
| | | | |
| | | | |
| | | | |
| | | | |
| Manufacturing Overhead |
| Debit | Credit |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
The manufacturing overhead was:
Multiple Choice
$10,000 Underapplied
$10,000 Overapplied
$55,000 Underapplied
$55,000 Overapplied
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