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Please show how to get the answers. The company applies overhead to jobs on the basis of direct labor cost. For the fiscal year starting

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The company applies overhead to jobs on the basis of direct labor cost. For the fiscal year starting January 1st, it was estimated that direct labor cost would be $12,000 and overhead costs would total $11,400. During the year, the following transactions were completed: 1. Raw materials purchased on account, $10,590. 2. Raw materials requisitioned for use in production, $9,820. Materials costing $8,640 were charged to directly to jobs; the remaining requisitions were for indirect materials usage. 3. Direct and indirect labor costs were $12,200 and $3,900, respectively. 4. Other overhead costs incurred, including factory rent, factory utilities and depreciation of factory equipment, totaled $6,400 for the year. 5. Overhead was applied to production. 6. Goods that had cost $31,860 according to their job cost sheets were completed during the year. 7. Sales revenue totaled $64,370 for the year and the cost of goods sold to customers totaled $31,490. 8. Disposed of the balance in Factory Overhead by closing it to Cost of Goods Sold. Fill in the following: (do not use dollar signs) Cost of indirect materials requisitioned into production: The amount of overhead applied to production: Total manufacturing costs incurred in production: The amount of under- or over-applied overhead: Was overhead under- or over-applied? (Write "under" or "over") The ending balance in Raw Materials: The ending balance in Work in Process: The ending balance in Finished Goods: Gross profit for the year (after disposition of overhead)

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