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: Total Cost $ 60,000 30,000 Item Description Direct materials Used on Jobs 101 and 102 Indirect materials Used on multiple jobs 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 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 8,000 2,500 9,000 7,500 6,000 1. Post the preceding information to Fairfield Company's Manufacturing Overhead T-account 2. Compute over- or underapplied manufacturing overhead. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the preceding information to Fairfield Company's Manufacturing Overhead T-account