Fairfield company applies manufacturing overhead to products at a predetermined rate of $50 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here: Item Description Total Cost Direct materials Used on Jobs 101 and 102 $ 60,000 Indirect materials Used on multiple jobs 30,000 Hourly labor wages 750 hours @ $30 per hour 200 hours for Job 101 = $ 6,000 300 hours for Job 102 = 9,000 250 hours for Job 103 = 7,500 22,500 Factory supervision 4,000 Production engineer 8,000 Factory janitorial work 2,500 Selling, general, and administrative salaries 9,000 Other manufacturing overhead costs (factory rent, insurance, depreciation, etc.) 7,500 6,000 Required: Post the preceding information to Fairfield Companys Manufacturing Overhead T-account. Compute over- or underapplied manufacturing overhead.

Post the preceding information to Fairfield Companys Manufacturing Overhead T-account.

Debit Accounts |. Amount s | Amounts |. Credit Accounts

Compute over- or underapplied manufacturing overhead.

Manufacturing Overhead _______ by __________