The following transactions were incurred by Stoncius Fabricators during January, the first month of its fiscal year. Requirements 1. Record the proper journal entry for each transaction. i (Click the icon to view the transactions.) 2. By the end of January, was manufacturing overhead overallocated or underallocated? By how much? X More info a. $195,000 of materials were purchased on account. b. $174,000 of materials were used in production; of this amount, $154,000 was used on specific jobs. c. Manufacturing labour and salaries for the month totalled $235,000. A total of $195,000 of manufacturing labour and salaries was traced to specific jobs, while the remainder was indirect labour used in the factory. d. The company recorded $26,000 of depreciation on the plant and plant equipment. The company also received a plant utility bill for $15,000. e. $93,000 of manufacturing overhead was allocated to specific jobs.Shea Furniture started and nished Job 310 during March. The company's records show that the following direct materials were requisitioned for Job 310: Lumber. 49 units at $12 per unit Padding: 18 m at $27 per metre Upholstery fabric: 32 m at $31 per metre Labour time records show the following employees (direct labour) worked on Job 310: Jesse Jones: 11 hours at $13 per hour Mark Frizzell: 13 hours at $15 per hour Shea Furniture allocates manufacturing overhead at a rate of $7 per direct labour hour. 1. Compute the total amount of direct materials, direct labour, and manufacturing overhead that should be shown on Job 310's job cost record. 2. Job 310 consists often recliners. If each recliner sells for $725, what is the gross prot per recliner