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 ($53,400). The following information is available a. The company applies manufacturing overhead on the basis of machine hours (based on practical capacity). Budgeted overhead and machine activity for the year were anticipated to be $824,000, and 16,000 hours, respectively b. The company worked on four jobs during the first quarter. Direct materials used, direct labor incurred, and machine hours consumed were as follows: Direct Direct Machine Job No. Material Labor ours $21,000 $35,000 1,200 700 44,000 65, 000 2,000 500 64 65 22,000 67 15,000 8,800 C. Manufacturing overhead during the first quarter included charges for depreciation ($33,900), indirect labor ($60,200) indirect materials used ($5,000), 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 $34,800 for the firm Problem 3-45 Part 2 2. Prepare journal entries as of March 31 to record the following. (Note: Use summary entries where appropriate by combining individual job data.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) a. The issuance of direct material to production and the direct labor incurred