The following data have been recorded for recently completed Job. Direct materials cost was $3,000. A total of 25 direct labor- hours and 120 machine-hours were worked on the job. The direct labor wage rate is $13 per labor- hour. The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $12 per machine-hour. The total cost for the job on its job cost sheet would be K $3,145 .a $4,453 .b $4,465 . $4,765 .d TII When underapplied overhead is closed out entirely to Cost of Goods Sold the Gross Margin and Net Income are going to? gross margin increase, and net .a income decrease. .b gross margin decrease, and net income increase. .c gross margin decrease, and net income decrease. .d gross margin decrease, and net income remain the same. 1.00 The sum of fixed costs and net operating income is called: net operating income. a variable expense. .b the gross margin the contribution margin. d