Red's Machine Works applies overhead to jobs based on machine hours. Estimates for this year are total overhead of $30,000 and 6,000 total machine hours. Actual data for two jobs started in June, the first month of operations, is as follows: Client: Jones Khan Machine hours 220 198 Direct material cost $4,800 $3,800 Direct labour cost $7,000 S6,600 Only the job for Jones was completed in June. Actual total overhead in June was $2,400. Required: 1. Calculate the total cost of the job for Jones. 2. Calculate the balance in the work in process account on June 30. 3. Prepare a journal entry to transfer the completed job out of work in process. Date Account Titles and Explanation Debit Credit 4. Is the overhead over applied or under applied on June 30 and by how much