Stellar Sound, Inc. which uses a job-order costing system, had two jobs in process at the start of 20x1: job no. 64 ($84,200) and job no. 65 ($53,400). The following information is available:

a. The company applies manufacturing overhead on the basis of machine hours Budgeted overhead and machine activity for the year were anticipated to be $824,000, and 16,000 hours

b. The company worked on four jobs during the first quarter. Direct materials used, direct labor incurred, and machine hours consumed were as follows:

Job No. Direct Material Direct Labor Machine Hours

64 $ 21,000 $ 35,000 1,200

65 --- 22,000 700

66 44,000 65,000 2,000

67 15,000 8,800 500

c. Manufacturing overhead during the first quarter included charges for depreciation ($32,800), indirect labor ($60,000), indirect materials used ($5,100), and other factory costs ($139,500).

d. Stellar Sound completed job no. 64 and job no. 65. Job no. 65 was sold on account, producing a profit of $34,800 for the firm.

1).WHAT WAS The cost of jobs still in production as of March 31stjQuery22409780573763934883_1580866485811???

2). Did the finished-goods inventory increase or decrease during the first quarter? By how much?

3).Was manufacturing overhead under- or overapplied for the first quarter of the year? By how much?