The following information applies to the O'Donnell Company for March production. There are only two jobs (X and Y) in production in March a. Purchased direct materials and indirect materials with the following summary of receiving reports: Material A Material B Indirect materials $ 21,500 14,750 5,750 Total $ 42,000 b. Issued direct materials and indirect materials with this summary of requisitions: Material A Material B Subtotal Indirect materials Job x $ 9,100 4,100 $ 13,200 Job Y $ 18, 200 9, 100 $ 27,300 Total $ 27,300 13,200 $ 40,500 41,750 $ 82,250 Total c. Factory labor incurred is summarized by these time tickets: Job x Job Y Indirect labor Total $ 24,200 16,100 30,750 $ 71,050 d. Factory utilities, factory depreciation, and factory insurance incurred is summarized as follows: Utilities Depreciation Insurance $ 4,100 20,200 3,600 $ 27,900 Total e. Factory overhead costs were applied to jobs at the predetermined rate of $51.50 per machine hour. Job X incurred 1,100 machine hours; Job Y used 800 machine hours. f. Job X was completed; Job Y was still in process at the end of March. The company closed the overapplied or underapplied overhead to the Cost of Goods Sold account at the end of March. Required: 1. Calculate the total manufacturing cost for Job X and Job Y for March. 2. Calculate the amount of overapplied or underapplied overhead and state whether the cost of Goods Sold account will be increased or decreased by the adjustment. 1. Total manufacturing costs - Job X Total manufacturing costs - Job Y 2. Cost of goods sold 1. Calculate the total manufacturing cost for Job X and Job Y for March. 2. Calculate the amount of overapplied or underapplied overhead and state whether the cost of Goods Sold account will be increased or decreased by the adjustment. 1. Total manufacturing costs - Job X Total manufacturing costs - Job Y 2. E- Overapplied overhead Underapplied overhead