Question: Please providea naswer and explanation for hte problem screenshotted Problem 4-44 Application of Overhead [LO 4-3, 4-4, 4-5] The following information applies to the O'Donnell

Please providea naswer and explanation for hte problem screenshotted

Please providea naswer and explanation for hte problem screenshotted Problem 4-44 Application

Problem 4-44 Application of Overhead [LO 4-3, 4-4, 4-5] The following information applies to the O'Donnell Company for March production. There are only two jobs (X and Y) in production in March. a. Purchased direct materials and indirect materials with the following summary of receiving reports: Material A $ 10,500 Material D 13,750 Indirect materials 4,750 Total $ 30,900 b. Issued direct materials and indirect materials with this summary of requisitions: Job I Job T Total Material A $ 8,700 $ 17,400 28 , 100 Material D 3, 700 1,700 12 , 400 Subtotal $ 12, 400 $24,100 $ 38 , 500 Indirect materials 40, 750 Total $ 79 , 250 C. Factory labor incurred is summarized by these time tickets: Job I $ 21,400 Job T 19,700 Indirect labor 21,750 Total d. Factory utilities, factory depreciation, and factory insurance incurred is summarized as follows: Utilities 5 3,700 Depreciation Insurance 3,240 Total c. Factory overhead costs were applied to jobs at the predetermined rate of $49.50 per machine hour. Job X incurred 1,100 machine hours; Job Y used 800 machine hours. 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 Cast 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 costs - Job X Total manufacturing costs - Job Y 2. Cost of goods sold

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