Molin Corporation is a manufacturer that uses job-order costing.The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year.The company has supplied the following data for the just completed year: 
Results of operations: 
Required:
a.What is the total amount of manufacturing overhead applied to production during the year?
b.Is manufacturing overhead overapplied or underapplied for the year? By how much?
c.What is the adjusted cost of goods sold for the year?
Definitions:
Marginal Costs
The increase in cost resulting from the production of an extra unit of a good or service.
Studying Economics
The academic pursuit focused on understanding how societies use limited resources to produce valuable commodities and distribute them among different people.
Marginal Analysis
An approach in economics that examines the effects of adding to or subtracting from the current situation.
Cell Phones
Portable electronic devices used for communication, internet browsing, and multimedia playback.
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