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Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs. For Year 2, 2M estimates its manufacturing overhead to be $423,020 and

image text in transcribed Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs. For Year 2, 2M estimates its manufacturing overhead to be $423,020 and its direct labor costs to be $813,500. 2M worked on three jobs for the year. Job 2M1, which was sold during Year 2, had actual direct labor costs of $555,500. Job 2M2, which was completed but not sold at the end of the year, had actual direct labor costs of $373,700. Job 2M3, which is still in work-in-process inventory, had actual direct labor costs of $80,800. Actual manufacturing overhead for Year 2 was $558,800. Required: a. How much overhead was applied to each job in Year 2? b. What was the over- or underapplied manufacturing overhead for Year 2? Complete this question by entering your answers in the tabs below. How much overhead was applied to each job in Year 2

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