Determine each of the following for July: a. direct and indirect materials used b direct and indirect labor used c. factory overhead applied (a single overhead rate is used based on direct labor cost) d. cost of completed Jobs 7-01 and 7-02 e. assume that in addition to indirect materials and indirect labor, factory overhead of $1,500 was incurred during July. Determine the overapplied or underapplied overhead for March.

Printing Inc. began printing operations on July 1. Jobs 7-01 and 7-02 where completed during the month, and all costs applicable to them where recorded on the related costs sheets. Jobs 7-03 and 7-04 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related costs sheets. In addition to the materials and labors charged directly to the jobs, $2,000 of indirect materials and $1,650 of indirect labor were used during the month. The cost sheets, in summary form,for the four jobs during the month are as follows: Job 7-01 Job 7-02 Direct material 4,000 Direct materials 5,000 Direct labor Direct Labor 4,800 3,600 2,160 Direct overhead 1,620 Factory overhead Total 2,220 Total 11,960 Job 7-04 Job 7-03 2,700 Direct materials Direct materials 1,500 Direct labor Direct labor 1,800 1,000 Factory overhead Factory overhead