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HELP Southern Rim Parts estimates its manufacturing overhead to be $409.500 and its direct labor costs to be $910,000 for year 1. The first three
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Southern Rim Parts estimates its manufacturing overhead to be $409.500 and its direct labor costs to be $910,000 for year 1. The first three jobs that Southern Rim worked on had actual direct labor costs of $50,000 for Job 301, $75,000 for Job 302 and $100,000 for Job 303. For the year, actual manufacturing overhead was $474,000 and total direct labor cost was $849,000 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 303? b. What was the over or underapplied manufacturing overhead for year 1? requirea: a. How much overhead was assigned to each of the three jobs, 301, 302, and 303? 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 SK inces How much overhead was assigned to each of the three jobs, 301, 302, and 303? Job 301 Job 302 Job 303 Rigured Required B > Requirea: a. How much overhead was assigned to each of the three jobs, 301, 302, and 303? 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 tes What was the over- or underapplied manufacturing overhead for year 1? manufacturing overhead Step by Step Solution
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