The following information applies to the ODonnell Company for March production. There are only two jobs (X and Y) in production in March. Purchased direct materials and indirect materials with the following summary of receiving reports: Material A $ 16,500 Material B 12,250 Indirect materials 3,250 Total $ 32,000 Issued direct materials and indirect materials with this summary of requisitions: Job X Job Y Total Material A $ 8,100 $ 16,200 $ 24,300 Material B 3,100 8,100 11,200 Subtotal $ 11,200 $ 24,300 $ 35,500 Indirect materials 39,250 Total $ 74,750 Factory labor incurred is summarized by these time tickets: Job X $ 22,200 Job Y 15,100 Indirect labor 28,250 Total $ 65,550 Factory utilities, factory depreciation, and factory insurance incurred is summarized as follows: Utilities $ 3,100 Depreciation 18,200 Insurance 2,600 Total $ 23,900 Factory overhead costs were applied to jobs at the predetermined rate of $46.50 per machine hour. Job X incurred 1,100 machine hours; Job Y used 800 machine hours. 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.