3 30 pts MBS Corporation started operations this year. As the year went on, they compiled the following information on jobs worked (these are the only jobs for the year): Job# Direct Materials Direct Labor Labor hours Job Status Sales Price when sold 778 $1,346 $822 22 Complete and sold $5,576 779 $2,758 $2,207 50 Not Complete $12,752 780 $1,073 $676 18 Complete and not sold $4,510 781 $1,660 $1,046 28 Not Complete $6,984 MBS Corporation determined at the beginning of the year that $21 per Labor hour would be an appropriate POHR. As it turns out, throughout the year, overhead incurred totaled $2,677. Over or Under applied overhead is always considered to be immaterial and necessary steps should