Refer to M2-11 for Fairfield Company. Its actual manufacturing costs for the most recent period

are summarized here:

1. Post the preceding information to Fairfield Company’s Manufacturing Overhead T-account.
2. Compute over- or underapplied manufacturingoverhead.

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Description Total Cost tem Direct materials Indirect materials Hourly labor wages $90,000 15,000 Used on Jobs 101 and 102 750 hours $30 per hour 300 hours for Job 1 Used on multiple jobs 200 hours for Job 101- $6,000 9,000 7,500 02 250 hours for Job 103 Factory supervision Production engineer Factory janitorial work Selling, general, and administrative salaries Other manufacturing overhead costs (factory rent, insurance, depreciation, etc.) Other selling, general, and administrative costs (office rent, insurance, depreciation, etc.) 22,500 4,000 6,000 2,500 9,000 7,500 6,000