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 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, in summary form, for the four jabs during the month are as follows: Job 7-01 Job 7-02 30,110 Direct materials 14,080 Direct materials Direct labor 11,500 Direct labor 6,000 Factory overhead 6,325 Factory overhead 3,300 Total 47,935 Total 23,380 Job 7-03 Job 7-04 Direct materials 44,150 Direct materials 8,670 Direct labor Direct labor 1,700 12,800 7 ? Factory overhead Factory overhead 7 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 Process Indirect labor used and transferred to Factory Overhead c. Factory overhead applied (a single overhead rate is used based on direct labor cost). Cost of completed Jobs 7-01 and 7-02. $ e. Assume that in addition to indirect materials and indirect labor, factory overhead of $5,000 was incurred during July. Determine the overapplied or underapplied overhead for July