QUESTION 35. (MCQs). The following information relates to Items 1,2,3,4,5,6 and %. A company which operates in job costing system had the following balinces in ity ledger:- The following transactions took place in March:- Overhead is applied on the basis of 50 of direct labour cost. Item 1. The cost of raw materials purchased in March was: (a) 68,000 (b) 610,000 (c) 69,000 (d) None of the above ltem2. The cost of materials issucd to production in March was: (a) E9,000 (b) 7,000 (c) 68,000 (d) None of the above Ifert 3. The direct labour cost in Mareh wus: (a) E. 6,000 (b) 68,000 (c) 10,000 (d) None of the above. Item 4. The applied overhead in March was: (a) 5,000 (b) 4,000 (c) 3,000 (d) None of the above. Item 5. In March overhead was: (a) Overapplied by 2,000 (b) Underapplied by 1,000 (c) Underapplied by 2,000 (d) None of the above Item 6. If sales in March amounted to 40,000 and overapplied or underapplied overhead is written off to cost of sales, the gross profit in March was: (a) 13,000 (b) 614,000 (c) 15,000 (d) None of the above