No explanation need for either of the answers.

Job 731 was recently completed. The following data have been recorded on its job cost sheet: Direct Materials $50,000 Direct Labor {1,400 actual hours] The company applies manufacturing overhead on the basis of directlabor hours. The predetermined overhead rate is based upon an estimated $100,000 of manufacturing overhead for the year and an estimated 1,000 direct labor hours. Assume no otherjobs were worked on during the year and that Job 731 was completed by October 31\