Finlon Upholstery, Inc uses a job order costing system to accumulate manufacturing costs the company's work in process on December 31, 20x1 consisted of one job on the year -end balance sheet at $156,800. There was no finished good inventory on this date. Finlon applies manufacturing overhead to production on the basis of direct labor cost. The budgeted direct labor cost is the company practical capacity in terms of direct-labor hours, multiplied by the budgeted direct labor rate. budgeted totals for 20x2 for direct labor and manufacturing overhead are $4,200,000 and $5,460,000 respectively. Actual results for the year follow Direct material used- 5,600,000 Direct labor-4,350,000 Indirect labor-2,860,000 Factory Depreciation-1,740,000 Factory Insurance-59,000 Factory Utilities-830,000 Selling and Administrative expenses-2,160,000 total 17,664,000 Done in Excel only