Problem $4-44($Algo$)$ 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 $(\backslash ($ X $\backslash )$ and $\backslash ($ Y $\backslash ))$ in production in March. a$.$ Purchased direct materials and indirect materials with the following summary of receiving reports: b$.$ Issued direct materials and indirect materials with this summary of requisitions:Indirect materials c$.$ Factory labor incurred is summarized by these time tickets: d$.$ Factory utilities, factory depreciation, and factory insurance incurred is summarized as follows: e$.$ Factory overhead costs were applied to jobs at the predetermined rate of $\backslash (\backslash$$ $48\mathrm{.}00\backslash )$ per machine$-$hour. Job $\backslash ($ X $\backslash )$ incurred $1,100$ machine$-$hours; Job Y used $800$ machine$-$hours. f$.$ Job $\backslash ($ X $\backslash )$ was completed; Job $\backslash ($ Y $\backslash )$ 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 $\backslash ($ X $\backslash )$ and Job $\backslash ($ Y $\backslash )$ 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.