14. Krissy Company uses job order cost system. The following transactions were completed in January, which was the first month of operations: Received direct materials and supplies costing P20,000 Materials and supplies were requisitioned as follows: Direct materials Job 1 P3,000 Job 2 4.000 Job 3 melo P8,000 Indirect materials P1,000 Factory payroll was distributed as follows: Direct labor Job 1(200 hrs) P2,000 Job 2(300 hrs)3.000 Job 3(400 hrs) 4,000 9,000 Indirect labor 2,000 Other indirect manufacturing costs totaled P3,000 Indirect manufacturing costs are applied on the basis of direct labor hours. The budget for 2020 included 9,000 direct labor hours and a total overhead budget of P63,000. How much factory overhead applied to production? What is the balance of materials inventory at the end? What is the factory overhead under or over applied