San Diego State University Normal Job Costing System Project

Question Description

Please provide the notes i want to know how this is done thank you

X Corporation, which uses a normal job costing system and dispose the over/under applied manufacturing overhead using write-off method, had two jobs in process at the start of 20×2:
Job No. 59, WIP Balance	$66,500
Job No. 60, WIP Balance	$139,500
X applies manufacturing overhead on the basis of machine hours.
At the beginning of the 20×2, X corporation estimated its manufacturing overhead
during the first quarter would total	$212,500
and its budgeted machine hours would total	6250
Manufacturing overhead incurred during the first quarter of 20×2 included following charges:
Depreciation	$20,000
Indirect labor	50000
Indirect materials used	4000
Other factory costs	128700

The company worked on three jobs during the first quarter.
Costs added during the first quarter were as follows:
Job No.	Direct Material	Direct Labor	Machine Hours
59	$18,000	$45,000	1500
60	0	25,000	1000
61	37,000	35,000	?
The manufacturing overhead account showed that overhead was overapplied by			$14,900
Job no. 59 and 60 were completed during the quarter, and X sold job no. 59 for			$218,000.00

Round your answers to the nearest dollar. Fill in the blank without $ or comma or period, e.g., 12345
How many machine hours were used by Job no. 59?

What was the gross margin of Job no. 59 after the adjustment of overapplied manufacturing overhead?

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