Determining Manufacturing Costs

Munch Printing Inc. began printing operations on March 1. Jobs 10 and 11 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 12 and 13 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, $2,910 of indirect materials and $10,300 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form:

Job 10				Job 11
Direct materials	30,110			Direct materials	14,080
Direct labor	11,500			Direct labor	6,000
Factory overhead	6,325			Factory overhead	3,300
Total	47,935			Total	23,380
Job 12				Job 13
Direct materials	39,300			Direct materials	8,670
Direct labor	12,800			Direct labor	1,700
Factory overhead	?			Factory overhead	?

Determine each of the following for March:

a. Direct and indirect materials used.

Direct materials used and transferred to Work in Process	$ _________________
Indirect materials used and transferred to Factory Overhead	$ _________________

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 10 and 11. $ _________________

e. Assume that in addition to indirect materials and indirect labor, factory overhead of $5,000 was incurred during March. Determine the overapplied or underapplied overhead for March. $ _________________ _________________