The following information applies to the O'Donnell Company for March production. There are only two jobs (X and Y) in production in March.

1. Purchased direct materials and indirect materials with the following summary of receiving reports:

Material A$19,000

Material B13,500

Indirect materials4,500

Total$37,000

2.Issued direct materials and indirect materials with this summary of requisitions:

Job X Job Y Total

Material A $8,600 $17,200 $25,800

Material B 3,600 8,600 12,200

Subtotal $12,200 $25,800 $38,000

Indirect materials 40,500

Total $78,500

3.Factory labor incurred is summarized by these time tickets:

Job X $23,200

Job Y 15,600

Indirect labor 29,500

Total $68,300

4.Factory utilities, factory depreciation, and factory insurance incurred is summarized as follows:

Utilities $3,600

Depreciation 19,200

Insurance 3,100

Total $25,900

5.Factory overhead costs were applied to jobs at the predetermined rate of $49.00 per machine hour. Job X incurred 1,100 machine hours; Job Y used 800 machine hours.

6.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 -job X

Total manufacturing - job Y

2.

Cost of goods sold