merceru.instructure.com For The 12 Journal Entries: 1. The Raw Materials w... | Chegg.com (38)3 $50 The following costs were recorded by Larson Co. for the month of March: Direct Materials: $4,000 Direct Labor (100 hrs @ $12hr.): $1,200 Indirect Labor: $200 Indirect Materials: Depreciation on factory equipment: $300 Factory Utilities: $250 Rent on office building: $1,000 Factory supplies: $100 Office supplies: $35 Larson Co's Overhead is allocated based on a predetermined rate of $10 per direct labor hour Comparing Larson Co's Applied and Actual Manufacturing Overhead in March. Manufacturing Overhead is: Overapplied by $100 Underapplied by $100 Overapplied by $135 Overapplied by $65 None of these statements is true Ounction 10