Determining Manufacturing Costs 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 cost sheets. In addition to the materials and labor charged directly to the jobs, $2,050 of indirect materia's and $7,200 of indirect labor were used during the month. The cost sheets, in summary form, for the four jobs during the month are as follows: factory overhead have been recorded on the related Job 7-01 Job 7-02 Direct materials Direct labor Factory overhead Total 21,250 Direct materials 8,100 Direct labor 4,455 Factory overhead 33,805 Total 9,940 4,200 2,310 16,450 Job 7-04 ob 7-03 30,500 Direct materials 6,120 Direct materials Direct labor Factory overhead 9,000 Direct labor 1,200 ? 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 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). 67,810 d. Cost of completed Jobs 7-01 and 7-02 e. Assume that in addition to indirect materials and indirect labor, factory overhead of $3,500 was incurred during July. Determine the overapplied or underapplies overhead for July