Determining Manufacturing Costs Wagner Printing Inc. began printing operations on July 1. Jobs 7-0 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 stil 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, $510 of indirect materials and $1,800 of indirect labor were used during the month. The cost sheets, in summary form, for the four jobs during the month are as follows: Job 7-01 Job 7-02 Direct materials 5,310 Direct materials 2,480 Direct labor 2,000 Direct labor 1,100 Factory overhead 1,100 Factory overhead 305 Total 8,410 Total 4,185 Job 7-03 Job 7-04 Direct materials 6,800 Direct materials Direct labor 2,300 Direct labor 300 ? 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 h. Direct and indirect labor used. Determine each of the following for July! a. Direct and indirect materials used. Direct materials used and transferred to Work in Process lo v 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 bor cost) d. Cost of completed Jobs 7-01 and 7-62. e Assume that in addition to Indirect materials and indirect labor, factory overhead of $900 was incurred during July. Deterline the averappled or underapplied overhead for July Previous Next All work saved. Email Instructor Submit Test for Gradi MacBook Air