During the month of May, the following transactions occurred:

Requisitioned materials totaling $24,500 for use in production. Of the total, $9,200 was for Job 58, $8,900 for Job 59, and the remainder for Job 60

Incurred direct labor of $32,400, with an average wage of $18 per hour. Job 58 used 800 hours; Job 59, 600 hours; and Job 60, 400 hours.

Incurred and paid actual overhead of $17,880

Charged overhead to production at the rate of $4.80 per direct labor hour.

Prepare brief job-order cost sheets for Jobs 58, 59, and 60, with the following requirements:

* Subtotals for both rows and columns, i.e. Totals should be summed by JOB, and Totals should be summed by COST element (DM, DL, OH). * Direct Material for Job 60 should be a FORMULA... not a hard-keyed number. * Direct Labor for all jobs should be a FORMULA...not a hard-keyed number. * Applied Overhead for all jobs should be a FORMULA...not a hard-keyed number. * Provide analysis/calculation of Overhead Variance, displaying the variance as absolute value dollars.