Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows: Direct labor-hours 150,000 180,000 210,000 Variable overhead costs $ 1,050,000 $ 1,260,000 $ 1,470,000 Fixed overhead costs 612,000 612,000 612,000 Total overhead $ 1,662,000 $ 1,872,000 $ 2,082,000 The expected volume is 180,000 direct labor-hours for the entire year. The following information is for March, when Jobs 6023 and 6024 were completed: Inventories, March 1 Materials and supplies $ 32,500 Workinprocess (Job 6023) $ 158,000 Finished goods $ 333,500 Purchases of materials and supplies Materials $ 403,000 Supplies $ 49,000 Materials and supplies requisitioned for production Job 6023 $ 132,000 Job 6024 105,000 Job 6025 80,000 Supplies 17,000 $ 334,000 Factory direct labor-hours (DLH) Job 6023 10,500 DLH Job 6024 8,500 DLH Job 6025 5,000 DLH Labor costs Direct labor wages (all hours @ $7) $ 168,000 Indirect labor wages (11,000 hours) 44,000 Supervisory salaries 108,000 Building occupancy costs (heat, light, depreciation, etc.) Factory facilities $ 20,000 Sales and administrative offices 7,500 Factory equipment costs Power 11,000 Repairs and maintenance 5,500 Other 8,000 $ 24,500 (Note: Regardless of your answer to requirement a, assume that the predetermined overhead rate is $9 per direct labor-hour. Use this amount in answering requirements b through e.)

What total amount of overhead was applied to jobs during March?

Compute actual factory overhead incurred during March. Compute actual factory overhead incurred during March.

At the end of the year, Kansas Company had the following account balances:

Overapplied overhead	$	2,000
Cost of goods sold		2,880,000
Work-in-process inventory		106,000
Finished goods inventory		247,000

Assuming that the overapplied overhead is not material, show the new account balances in the following table

overapplied overhead:

Cost of goods sold:

work-in-pricess inventory:

finished goods inventory: