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Linzee Liners estimates that its manufacturing overhead will be $1,771,000 in Year 1. It further estimates that direct labor costs will amount to $770,000.
Linzee Liners estimates that its manufacturing overhead will be $1,771,000 in Year 1. It further estimates that direct labor costs will amount to $770,000. During March, Linzee worked on four jobs with actual direct labor costs of $37,000 for Job 0301, $24,500 for Job 0302 $34,000 for Job 0303, and $18,000 for Job 0304. Actual manufacturing overhead costs for the year were $1,760,000. Actual direct labor costs for the year were $755,000. 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. Required A Required B What was the over- or underapplied manufacturing overhead for Year 1? manufacturing overhead Linzee Liners estimates that its manufacturing overhead will be $1,771,000 in Year 1. It further estimates that direct labor costs will amount to $770,000. During March, Linzee worked on four jobs with actual direct labor costs of $37,000 for Job 0301, $24,500 for Job 0302, $34,000 for Job 0303, and $18,000 for Job 0304. Actual manufacturing overhead costs for the year were $1,760,000. Actual direct labor costs for the year were $755,000. 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. Required A Required B How much overhead was applied to each of the four jobs, 0301, 0302, 0303, and 03047 Job 0301 Job 0302 Job 0303 Job 0304
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