Exercise 7-29 (Algo) Predetermined Overhead Rates (LO 7-3) Southern Rim Parts estimates its manufacturing overhead to be $318.000 and its direct labor costs to be $1.060,000 for year 1. The first three jobs that Southern Rim worked on had actual direct labor costs of $65,000 for Job 301, $90,000 for Job 302, and $175.000 for Job 303. For the year, actual manufacturing overhead was $399,000 and total direct labor cost was $834,000. Manufacturing overhead is applied to jobs on the basis of direct labor costs using predetermined rates. Required: a. How much overhead was assigned to each of the three jobs, 301, 302, and 3094 b. What was the over- or underapplied manufacturing overhead for year 1? Complete this question by entering your answers in the tabs below. Required A Required B How much overhead was assigned to each of the three Jobs, 301, 302, and 303? Job 301 Job 302 Job 303 Required B > Required: a. How much overhead was assigned to each of the three jobs, 301, 302, and 3092 b. What was the over- or underapplied manufacturing overhead for year 1? Complete this question by entering your answers in the tabs below. Required A Required B What was the over or underapplied manufacturing overhead for year 1? manufacturing overhead