ni.4 Required Information[The following information applies to the questions displayed below.]Stellar Sound, Inc., which uses a job-order costing system, had two jobs in process at the start of 20x1: job no. 64 ($84,100)and job no. 65 ($53,500). The following information is available:a. The company applies manufacturing overhead on the basis of machine hours (based on practical capacity). Budgetedoverhead and machine activity for the year were anticipated to be $808,000, and 16,000 hours, respectively.b. The company worked on four jobs during the first quarter. Direct materials used, direct labor incurred, and machinehours consumed were as follows:Job No.64Direct Material$21,000Direct Labor$35,0006522,000Machine Hours1,200700666744,00015,00065,0008,8002,000500c. Manufacturing overhead during the first quarter included charges for depreciation ($33,300), indirect labor ($60,100).indirect materials used ($5,100), and other factory costs ($139,600).d. Stellar Sound completed job no. 64 and job no. 65. Job no. 65 was sold on account, producing a profit of $34,700 forthe firm.3. Determine the cost of jobs still in production as of March 31.Answer is complete but not entirely correct.Cost of the jobs in production$ 110,750

Cost accounting system:The cost accounting system refers to the method that will be used by the…

Job No. 64 Direct Material $21,000 Direct Labor Machine Hours $35,000 1,200 65 22,000 700 66 67 44,000 15,000 65,000 8,800 2,000 500 c. Manufacturing overhead during the first quarter included charges for depreciation ($33,300), indirect labor ($60,100). indirect materials used ($5,100), and other factory costs ($139,600). d. Stellar Sound completed job no. 64 and job no. 65. Job no. 65 was sold on account, producing a profit of $34,700 for the firm. 8. Determine the cost of jobs still in production as of March 31. Answer is complete but not entirely correct. Cost of the jobs in production S 110,750 x