Determining Manufacturing Costs Exam 3 assignment Wagner Printing Inc. began printing operations on July 1. Jobs 7-01 and 7-02 were completed during the month, and all costs applicable to them were recorded on the related cost 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 cost sheets. In addition to the materials and labor charged directly to the jobs, $1.540 of indirect materials and $5,500 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 materials 15,940 Direct materials 7,450 Direct labor 6,100 Direct labor 3,200 Factory overhead 3,355 Factory overhead 1,760 Total 25,395 Total 12,410 Job 7-03 Job 7-04 Direct materials Direct materials 4,590 20,340 6,800 900 Direct labor Factory overhead Direct labor Factory overhead 2 ? Determine each of the following for July: Previous Next) All work saved Email Instructor Submit Test for Grading Direct labor 6,800 Direct labor 900 Factory overhead ? Factory overhead ? Determine each of the following for July a. Direct and indirect materials used. Direct materials used and transferred to Work in Process Indirect materials used and transferred to Factory Overhead IO b. Direct and indirect labor used. Direct labor used and transferred to Work in Process Indirect labor used and transferred to Factory Overhead 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 $2,700 was incurred during July. Determine the overapplied or underapplied overhead for July