3. ROCHELLE COMPANY The books of Rochell Products Company showed the following account balance as of March 1 FG WIP MATS Over/under) FOH 78,830 292,621 65,000 12,300 CREDIT The work in process account is supported by the following job order cost sheets JOB ITEM DM DL FOH 204 80,000 BALLOONS 15,230 21,430 13,800 205 5,000 UFE RAFTS 40,450 55,240 22,370 206 10,000 LIFE BELTS 60,875 43,860 19,366 116,555 120,530 55,536 TOTAL 50,460 118,060 124,101 292,621 During March, the following transactions occurred: a Purchase of materials, P 42,300 b Purchase of special materials was P5,800 for new Job 207, which calls for 4,000 life jackets c Indirect labor cost was P 12,480. Direct labor was as follows: Job 204 Job 205 Job 206 Job 207 Php DL Cost 26,844 22,750 28,920 20,370 No. DL Hours 3,355.50 3,250 3,615 2,910 d Materials issued (excluding 16,640 letter B) Php DM Cost 9,480 11,320 10,490 830 845 e Other factory overhead incurred or accrued Insurance Tax on real estate Depreciation-machinery Depreciation-factory building Light 780 Coal used Power Repairs & maintenance indirect supplies Miscellaneous 1,810 3,390 2,240 1,910 15,256.87 840 560 f Factory ovehead is applied at the rate of P 2.30 per direct labor hour. An applied overhead control is used and is then closed to the overhead control account 8 Job 204 was shipped and billed at a contract price of P 117,500 REQUIRED: 1 Compute the total cost of each job at the end of March 2 Determine th over or underapplied overhead remaining in the overhead control account