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:
Total Costs
Total costs are the sum of all expenses incurred in the production of goods or services, including both fixed and variable costs.
Total Variable Costs
The summation of all costs that vary with the level of output, such as raw materials and labor costs, differing from fixed costs.
Total Fixed Costs
The sum of all costs required to produce any good or service, that do not change with the volume of production.
Average Variable Costs
The total variable expenses of producing an item, divided by the quantity of items produced, accounting for costs that change with the production volume.
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