Elegance Interior Design Ltd uses a job order cost accounting system and applies the overhead on the basis of direct labour cost. At the beginning of the year, Elegance Interior Design Ltd estimated the following: Overhead $108,000 Direct labour cost $270,000 Direct labour hours 21,600 hours Three jobs were worked on during the current period. Table A shows the cost information of the jobs. Table A Job Material Requisitions Time Ticket 223 $27,200 $65,000 224 $25,200 $67,500 225 $18,700 $28,375 At the end of the period, Job 224 and Job 225 have been completed, out of which Job 224 was sold. Due to the last-minute change in customer's specification, Job 223 was still in process. Overhead incurred for the

Elegance Interior Design Ltd uses a job order cost accounting system and applies the overhead on the basis of direct labour cost.
At the beginning of the year, Elegance Interior Design Ltd estimated the following:
Overhead $108,000
Direct labour cost $270,000
Direct labour hours 21,600 hours

Three jobs were worked on during the current period.
Table A shows the cost information of the jobs.
Table A
Job     Material Requisitions    Time Ticket
223    $27,200                     $65,000
224    $25,200                     $67,500
225    $18,700                     $28,375
At the end of the period, Job 224 and Job 225 have been completed, out of which Job 224 was sold. Due to the last-minute change in customer's specification, Job 223 was still in process. Overhead incurred for the period was $65,020.
Question: 

1)Complete the job cost sheets for each job using the format shown in table below

2) Identify the amounts of each of the following accounts at the end of the period.
i. Work in Process
ii. Finished Goods
iii. Cost of Goods Sold
3) Compute the overhead variance and explain how this variance will be treated in the accounts. No journal entries required