Exercise 7-32 (Algo) Predetermined Overhead Rates (LO 7-3) Antolne Machining estimated Its manufacturing overhead to be $291,690 and Its direct materlals costs to be $463,000 In Year 1 . Three of the jobs that Antolne Machining worked on In Year 1 had actual direct materlals costs of $28,000 for Job AM002, $68,000 for Job AM005, and $83,000 for Job AMO08. For Year 1, actual manufacturing overhead was $319,500 and total direct materlals cost was $553,000. Manufacturing overhead is applied to jobs on the basis of direct materlals costs using predetermined rates. Required: a. How much overhead was assigned to each of the three Jobs, AM002, AM005, and AM008? b. What was the over- or underapplled manufacturing overhead for Year 1? Complete this question by entering your answers in the tabs below. How much overhead was assigned to each of the three jobs, AM002, AM005, and AM008? Exercise 7-32 (Algo) Predetermined Overhead Rates (LO 7-3) Antolne Machining estimated Its manufacturing overhead to be $291,690 and Its direct materlals costs to be $463,000 in Year 1 . Three of the Jobs that Antolne Machining worked on In Year 1 had actual direct materlals costs of $28,000 for Job AM002, $68,000 for Job AM005, and $83,000 for Job AMO08. For Year 1, actual manufacturing overhead was $319,500 and total direct materlals cost was $553,000. Manufacturing overhead is applied to jobs on the basis of direct materlals costs using predetermined rates. Required: a. How much overhead was assigned to each of the three Jobs, AM002, AM005, and AM008? b. What was the over- or underapplied manufacturing overhead for Year 1 ? Complete this question by entering your answers in the tabs below. What was the over- or underapplied manufacturing overhead for Year 1