Auto Machinery makes automobile production equipment and uses normal costing. Overhead is applied on the basis of $12 per machine hour. The following information relates to the August jobs: Job 22 Job 33 Job 44 Materials Used $ 40,000.00 $ 74,000.00 $ 43,000.00 Direct Labor $ 96,000.00 $ 117,000.00 $ 84,000.00 Machine Hours $ 9,200.00 $ 7,700.00 $ 64,000.00 Jobs 22 and 33 were completed and sold, but Job 44 remained in inventory at the end of August. For August, actual overhead incurred totaled $274,000. Required: Compute the amount of overhead to be applied to each job. Compute Cost of Goods Sold for August and ending WIP Inventory at August 31. Compute the amount of over- or underapplied overhead for August. Assume that revenue for Jobs 22 and 33 amounted to $1,090,000, selling expenses totaled $218,000, general and administrative expenses were equal to $98,000, and over- or underapplied overhead is immaterial. Using this information, prepare an income statement for the manufacturer for August