Determining Manufacturing Costs Wagner Printing Inc began printing operations on July 1 Jobs 7.01 and 702 were completed during the month, and will costs applicable to them were recorded on the related cost sheets Jobs 7.03 and 7.0 e 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 tabor charged directly to the jobs, 52,740 of indirect materials and 59.700 of indirect labor were used during the month. The cost sheets, summary form for the four jobs during the month follows: Job 7-01 Job 7.02 Direct materials 20,340 Direct materials 13,250 Direct labor 10,900 Direct labor 5.600 Factory overhead 5,995 Factory overhead 3,000 Total 45,2.35 Total 21,930 Job 7-03 Job 7-04 Direct materiale 35,540 5,160 1,600 Direct labor Direct materials Direct labor Factory overhead 12,000 Factory overhead 7 "Yuverned 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 1. 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 Inbor 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 $4,700 was incurred during July. Determine the overapplied or underapplied overhead for July underapplied overapplied