Jane Company uses Job order costing system and applies manufacturing overhead to work in process using a predetermined annual overhead rate. During May 2020, Jane's transactions included the following: Direct materials issued to production P50,000 Indirect materials issued to production 4,000 Manufacturing overhead incurred 125.000 Manufacturing overhead applied 802002 Direct labor costs m60.000 Jane had neither beginning nor ending work in process inventory. What was the cost of jobs completed in May 2020? 17. Combate Company uses a job order cost system and applies factory overhead on the basis of the direct labor cost. The overhead rates for 2020 are 200% for department A and 50% for Department B. Job 123, started and completed during 2020 was charged with the following costs: Department A Department B Direct materials P25,000 P5,000 Direct labor ? 30,000 Factory overhead 40,000 ? What is the total manufacturing costs associated with Job 123? 18. Grace Company used a predetermined ratew during 2020 of P2 per direct labor hour, based on an estimate of 20,000 direct labor hours to be worked during the year. Actual costs and activity during 2020 were: Actual manufacturing overhead cost incurred P30,000 Actual direct labor hours worked 18,000 What would be the under or overapplied overhead for 2020