The following information is for Punta Company for July: a. Factory overhead costs were applied to...

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The following information is for Punta Company for July: a. Factory overhead costs were applied to jobs at the predetermined rate of $52.00 per labor hour. Job S incurred 6,270 labor hours; Job T used 4,370 labor hours. b. Job S was shipped to customers during July. c. Job T was still in process at the end of July. d. The overapplied or underapplied overhead to the Cost of Goods Sold account was closed at the end of July. e. Factory utilities, factory depreciation, and factory insurance incurred are summarized as follows: Utilities Depreciation Insurance Total $ 17,100 49,750 19,900 $ 86,750 f. Direct materials and indirect materials used are as follows: Material A Material B Job S $ 33,250 14,850 Job T $ 76,000 37,850 Subtotal $ 48,100 $ 113,850 Total $ 109,250 52,700 $161,950 Indirect materials Total 215,750 $ 377,700 g. Direct labor incurred for the two jobs and indirect labor are as follows: Job S Job T Indirect labor $ 65,000 54,500 152,000 Total $ 271,500 The following information is for Punta Company for July: a. Factory overhead costs were applied to jobs at the predetermined rate of $52.00 per labor hour. Job S incurred 6,270 labor hours; Job T used 4,370 labor hours. b. Job S was shipped to customers during July. c. Job T was still in process at the end of July. d. The overapplied or underapplied overhead to the Cost of Goods Sold account was closed at the end of July. e. Factory utilities, factory depreciation, and factory insurance incurred are summarized as follows: Utilities Depreciation Insurance Total $ 17,100 49,750 19,900 $ 86,750 f. Direct materials and indirect materials used are as follows: Material A Material B Job S $ 33,250 14,850 Job T $ 76,000 37,850 Subtotal $ 48,100 $ 113,850 Total $ 109,250 52,700 $161,950 Indirect materials Total 215,750 $ 377,700 g. Direct labor incurred for the two jobs and indirect labor are as follows: Job S Job T Indirect labor $ 65,000 54,500 152,000 Total $ 271,500