The books of Rochell Products Company showed the following account balance as of March 1 FG WIP MATS Over/{under) FOH 65,000 12,300 CREDIT 78,830 292,621 The work in process account is supported by the following job order cost sheets JOB ITEM DM DL 80,000 BALLOONS 5,000 LIFE RAFTS 10,000 LIFE BELTS 204 205 206 Php DL Cost No. DL Hours d Materials issued Php DM Cost During March, the following transactions occurred: a Purchase of materials, P 42,300 b Purchase of special materials was P 5,800 for new Job 207, which calls for 4,000 life jackets c Indirect labor cost was P 12,480. Direct labor was as follows: Job 204 Job 205 26,844 3,355.50 15,230 40,450 60,875 116,555 9,480 22,750 3,250 21,430 55,240 43,860 120,530 11,320 Job 206 28,920 3,615 FOH 10,490 13,800 22,370 19,366 55,536 Job 207 20,370 2,910 TOTAL 50,460 118,060 124,101 292,621 (excluding 16,640 letter B) e Other factory overhead incurred or accrued Insurance Tax on real estate Depreciation machinery Depreciation-factory building Light 830 845 780 840 560 Coal used Power Repairs & maintenance indirect supplies Miscellaneous f Factory ovehead is applied at the rate of P 2.30 per direct labor hour. An applied overhead control is used and is then closed to the overhead control account g Job 204 was shipped and billed at a contract price of P 117,500 REQUIRED: 1 Compute the total cost of each job at the end of March 2 Determine th over or underapplied overhead remaining in the overhead control account 1,810 3,390 2,240 1,910 15,256.87