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The following selected data were taken from the books of the Owens O Rings Company. The company uses job costing to account for manufacturing costs. The data relate to April operations (1) Materials and supplies were requisitioned from the stores clerk as follows: Job 405, material X, $8,800. Job 406, material X, $4,800, material Y, $7,800 Job 407, material X, $8,800, material Y. $5,000. For general factory use materials A, B, and C. $4,100 (2) Time tickets for the month were chargeable as follows Job 405 Job 406 Job 407 Indirect labor $ 23,000 15,800 9,800 5,500 4,800 hours 5,400 hours 3,700 hours (3) Other information: Factory paychecks for $38,500 were issued during the month. Various factory overhead charges of $21,200 were incurred on account Depreciation of factory equipment for the month was $7,200 Factory overhead was applied to jobs at the rate of $5.00 per direct labor hour. Job orders completed during the month Job 405 and Job 406 Selling and administrative costs were $3,900. Next > Factory overhead is closed out only at the end of the year If Job 406 was sold on account for $59,500, how much gross profit would be recognized for the job? Multiple Choice $2,600 $4,100 $29,300. $55,400 Reyes Corporation applies overhead using a normal costing approach based upon machine hours Budgeted factory overhead was $318,000, budgeted machine hours were 20,000 Actual factory overhead was $302.920, actual machine-hours were 20,550. How much overhead would be applied to production? Multiple Choice $318,000 $326,745 6 C $294.813 $302,920