A Ltd. employs a job-order costing system. The factory expenses incurred in the month of March of the current year (as shown by the factory overhead control account) are as follows: Overheads have...

A Ltd. employs a job-order costing system. The factory expenses incurred in the month of March of the current year (as shown by the factory overhead control account) are as follows:

Overheads have been debited to jobs as follows: Cutting–`130 per machine-hour for 2,200 hours. Assembly–140 per cent of direct labour cost. Direct labour cost is `33,000. Spraying–`6 per piece for 925 pieces. Finishing–`75 per direct labour-hour for 1,100 hours. All expenses are charged to a factory overhead control account and are transferred from this account at the end of each month to the departmental overhead account. You are required to (a) record the necessary journal entries for factory overheads incurred and absorbed, and (b) state the amount of over- or under-absorption of overheads in each department. Assume that the company maintains both factory ledger and general ledger.