Omit the signs in your response 4 award 3 out of 3

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Omit the "$" & "%" signs in your response.)
4.award:3 out of3 pointsRequirement 2:(a)Assume that Company X works on three jobs during the upcoming year. Direct labor-hours recorded byjob are: Job 418, 12,000 hours; Job 419, 36,000 hours; and Job 420, 30,000 hours. How muchoverhead will the company apply to Work in Process for the year? (Omit the "$" sign in yourresponse.)
(b)If actual overhead costs total $530,000 for the year, will overhead be underapplied or overapplied? Byhow much? (Input the amount as positive value. Omit the "$" sign in your response.)
Requirement 2:(a)Assume that Company X works on three jobs during the upcoming year. Direct labor-hours recorded byjob are: Job 418, 12,000 hours; Job 419, 36,000 hours; and Job 420, 30,000 hours. How muchoverhead will the company apply to Work in Process for the year? (Omit the "$" sign in yourresponse.)
5.award:13.23 out of18 pointsChina market. A popular pastime among older Chinese men is to take their pet birds on daily excursions toteahouses and public parks where they meet with other bird owners to talk and play mahjong. A great dealof attention is lavished on these birds, and the birdcages are often elaborately constructed from exoticwoods and contain porcelain feeding bowls and silver roosts. Gold Nest Company makes a broad range ofbirdcages that it sells through an extensive network of street vendors who receive commissions on theirsales. The Chinese currency is the renminbi, which is denoted by Rmb. All of the company's transactionswith customers, employees, and suppliers are conducted in cash; there is no credit.The company uses a job-order costing system in which overhead is applied to jobs on the basis of directlabor cost. At the beginning of the year, it was estimated that the total direct labor cost for the year would beRmb200,000 and the total manufacturing overhead cost would be Rmb330,000. At the beginning of theyear, the inventory balances were as follows:Raw MaterialsRmb25,000 Work in ProcessRmb10,000
(b)If actual overhead costs total $530,000 for the year, will overhead be underapplied or overapplied? Byhow much? (Input the amount as positive value. Omit the "$" sign in your response.)
Gold Nest Company of Guandong, China, is a family-owned enterprise that makes birdcages for the SouthChina market. A popular pastime among older Chinese men is to take their pet birds on daily excursions toteahouses and public parks where they meet with other bird owners to talk and play mahjong. A great dealof attention is lavished on these birds, and the birdcages are often elaborately constructed from exoticwoods and contain porcelain feeding bowls and silver roosts. Gold Nest Company makes a broad range ofbirdcages that it sells through an extensive network of street vendors who receive commissions on theirsales. The Chinese currency is the renminbi, which is denoted by Rmb. All of the company's transactionswith customers, employees, and suppliers are conducted in cash; there is no credit.The company uses a job-order costing system in which overhead is applied to jobs on the basis of directlabor cost. At the beginning of the year, it was estimated that the total direct labor cost for the year would beRmb200,000 and the total manufacturing overhead cost would be Rmb330,000. At the beginning of theyear, the inventory balances were as follows:Raw MaterialsRmb25,000 Work in ProcessRmb10,000

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