Gale's companies are dedicated to the construction of terraces. Below are the costs that the company incurred during the month. The company uses job costing. a. $ 40,000 of materials were purchased. b. materials were transferred to the projects as follows: $ 8,000 to job T-7 $9,000 to job T-8 $5,000 to T-9 job $ 4,500 was used as indirect materials on the terraces c. The payroll of the employees who work on the projects was paid $ 8,000 for 200 hours of work on T-7 $9,000 for 225 hours of work on T-8 $ 6,000 for 150 hours of work on T-9 $ 4,000 for indirect labor d. Indirect manufacturing costs are allocated to production on the basis of direct labor hours worked. the company estimated indirect costs at $ 300,000 and direct labor hours at 15,000. e. other indirect costs of $ 2,000 were incurred I F. The 3 projects were completed and clients were billed on a double cost basis. determine and display computations 1. cost of the T-7 2. sale price of the T-8 3. Determine if indirect costs were overestimated or underestimated and by how much