Application of overhead. The following information applies to the O’ Donnell company

Problem 4-44Application of overhead. The following information applies to the O’ Donnell company for March Production.(a) Purchased direct materials and Indirect materials with the following Summary of receiving reports:Material AMaterial BIndirect MaterialsTotal$16,00012,0003,000$31,000(B) Issued direct materials and indirect materials with this summary of requisitions:Job XMaterial AMaterial BSubtotalIndirect materialsTotalJob YTotal$8,000 $16,000 $24,0003,0008,000 $11,000$11,000 $24,000 $35,00039,000$74,000( C ) Factory labor incurred is summarized by these time tickets:Job X$22,000Job Y15,000Indirect labor28,000Total$65,000(D) Factor utilities, factor depreciateion, and factory insurance incurred is summarized as follows:UtilitiesDepreciationInsuranceTotal$3,00018,0002,500$23,500( E ) Factory overhead costs were applied to jobs at the predetermined rate of $46 per machine hour. Job X inc( 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 oRequired(1) Calculate the manufacturing cost for Job X and Job Y for March.(2) Calculate the amount of overapplied or underapplied overhead and state whether the cost Cost of Goods Sy for March Production. There are only two jobs (X and Y) in production in March.eceiving reports:d as follows:r machine hour. Job X incurred 1,100 machine hours; Job Y used 800 machine hours.Sold account at the end of March.r the cost Cost of Goods Sold account will be increased or decreased by the adjustment.