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 ?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, $680 of indirect materials and $2,400 of indirect labor were used during the month. The cost sheets, in summary form, for the fourjobs during the month are as follows: Job ?-01 Job ?-02 Direct materials 7,080 Direct materials 3,310 Direct labor 2,700 Direct labor 1,400 Factory overhead 1,485 Factory overhead 3'70 Total 11,255 Total 5,480 Job ?-03 Job 7-04 Direct materials 9,000 Direct materials 2,040 Direct labor 3,000 Direct labor 400 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 D I). 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). E d. Cost of completed Jobs 701 and 102. D e. Assume that in addition to indirect materials and indirect labor, factory overhead of $1,200 was incurred during July. DetenTIine the overapplied or underapplied overhead for July. v D