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can I get help Marian Manufacturing (2M) applies manufacturing ovethead to jobs based on direct labor costs. For Year 2, 2M estimates its manufacturing overhead
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Marian Manufacturing (2M) applies manufacturing ovethead to jobs based on direct labor costs. For Year 2, 2M estimates its manufacturing overhead to be $421,200 and its direct labor costs to be $810,000,2M worked on three jobs for the year, Job 2M.1, Which was soid during Year 2, had actual direct labor costs of $420.750. Job 2M2, which was completed but not sold at the end of the yeat, had actual direct labor costs of $283,050. Job 2M3, which is stiil in work-in process inventory, had actual direct labor costs of $61,200. Actual manufacturing overhead for Year 2 was $430,000. Requiredt a. How much overhead was applied to each job in Year 2 ? b. What was the over-or underapplied manufacturing overhead for Year 2 ? Complete this questien by entering your answers in the tabs below. How much overhead was applied to each job in Year 2? Exercise 7-36 (Static) Predetermined Overhead Rates (LO 7-3) Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs. For Year 2, 2M estimates its manufacturing overhead to be $421,200 and its direct labor costs to be $810,000. 2M worked on three jobs for the year. Job 2M1, which was sold during Year 2, had actual direct labor costs of $420,750. Job 2M2, which was completed but not sold at the end of the year, had actual direct labor costs of $283,050. Job 2M3, which is still in work-in-process inventory. had actual direct labor costs of $61,200. Actual manufacturing overhead for Year 2 was $430,000. Required: a. How much overhead was applied to each job in Year 2? b. What was the over- or underapplied manufacturing overhead for Year 2 ? Complete this question by entering your answers in the tabs below. What was the over-or underapplied manufacturing overhead for Year 2 Step by Step Solution
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