4-33 Job Costing Johnson Inc. is a job-order manufacturing company that uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct labor hours are 95,000 and estimated factory: overhead is $617,500. The following information is for September of the current year. Job A was completed during September, and Job B was started but not finished. Required September 1, Inventories Materials Inventory Work-in-Process Inventory (All Job A) Finished Goods Inventory Material purchases Direct materials requisitioned Job A Job B Direct labor hours Job A $ 7,500 31,200 67,000 104,000 65,000 33,500 4,200 3,500 Job B Labor costs incurred Direct labor ($8.50/hour) $65,450 Indirect labor 13,500 Supervisory salaries 6,000 Rental costs Factory 7,000 Administrative offices 1,800 Total equipment depreciation costs Factory 7,500 Administrative offices 1,600 Indirect materials used 12,000 1. What is the total cost of Job A? 2. What is the total factory overhead applied during September? 3. What is the overapplied or underapplied overhead for September? 4-33 Job Costing Johnson Inc. is a job-order manufacturing company that uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct labor hours are 95,000 and estimated factory: overhead is $617,500. The following information is for September of the current year. Job A was completed during September, and Job B was started but not finished. Required September 1, Inventories Materials Inventory Work-in-Process Inventory (All Job A) Finished Goods Inventory Material purchases Direct materials requisitioned Job A Job B Direct labor hours Job A $ 7,500 31,200 67,000 104,000 65,000 33,500 4,200 3,500 Job B Labor costs incurred Direct labor ($8.50/hour) $65,450 Indirect labor 13,500 Supervisory salaries 6,000 Rental costs Factory 7,000 Administrative offices 1,800 Total equipment depreciation costs Factory 7,500 Administrative offices 1,600 Indirect materials used 12,000 1. What is the total cost of Job A? 2. What is the total factory overhead applied during September? 3. What is the overapplied or underapplied overhead for September?