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Linzee Liners estimates that its manufacturing overhead will be $1,741,100 in Year 1 . It further estimates that direct labor costs will amount to $757,000.
Linzee Liners estimates that its manufacturing overhead will be $1,741,100 in Year 1 . It further estimates that direct labor costs will amount to $757,000. During March, Linzee worked on four jobs with actual direct labor costs of $35,700 for Job 0301, $23,200 for Job 0302 , $32,700 for Job 0303, and $16,700 for Job 0304. Actual manufacturing overhead costs for the year were $1,727,500. Actual direct labor costs for the year were $742,000. Manufacturing overhead is applied to jobs based on direct labor costs using predetermined rates. Required: a. How much overhead was applied to each of the four jobs, 0301, 0302, 0303, and 0304 ? b. What was the over- or underapplied manufacturing overhead for Year 1? Complete this question by entering your answers in the tabs below. How much overhead was applied to each of the four jobs, 0301, 0302, 0303, and 0304 ? Linzee Liners estimates that its manufacturing overhead will be $1,741,100 in Year 1 . It further estimates that direct labor costs will amount to $757,000. During March, Linzee worked on four jobs with actual direct labor costs of $35,700 for Job 0301, $23,200 for Job 0302,$32,700 for Job 0303, and $16,700 for Job 0304. Actual manufacturing overhead costs for the year were $1,727,500. Actual direct labor costs for the year were $742,000. Manufacturing overhead is applied to jobs based on direct labor costs using predetermined rates. Required: a. How much overhead was applied to each of the four jobs, 0301, 0302, 0303, and 0304? 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
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