Need assistance with chapter 7-27 exercise. now I didn't see a solution in the solution book. The tmc is 16500000 the actual cost is dc plus dl plus predetermined overhead applied using a rate based on actual overhead and an allocation base.

40 percent of the tmc is applied manufacturing overhead which is 40 percent times 16,500,000 equals 6,600,000.

actual dl is 6,599,505 which was 1100055(66.67 percent times 16500000) then I took 66.67 subtracted that from 100 and got 33.33 percent and times that by 16500000 got 5499450 added that with 1100055 to get 6599505.

The remainder is 3300495. which is 16,500,000 minus 6,600,000 minus 6599505. I don't know if the problem is correct.

Chapter 7 Job Costing 7-27. Predetermined Overhead Rates Dixboro Company manufactures one product and accounts for costs using a job cost system You have obtained the following information from the corporation's books and records for the fiscal year ended May 31, year (LO 1-3) Total manufacturing cost during the year was $16,500,000 based on actual direct mate- rial, actual direct labor, and applied manufacturing overhead . Manufacturing overhead was applied to work in process at 66.67 percent (two-thirds) of direct labor dollars. Applied manufacturing overhead for the year was 40 percent of the total manufacturing cost during the year. Required Compute actual direct material used, actual direct labor, and applied manufacturing over head. (Hint: The total of these costs is $16,500,000.) LO 7-3) 7-28. Predetermined Overhead Rates Southern Rim Parts estimates its manufacturing overhead to be $495,000 and its direct labor costs to be $900.000 for year 1. The first three jobs that Southern Rim worked on had actual direct labor costs of $20,000 for Job 301, $30,000 for Job 302, and $40,000 for Job 303. For the year, actual manufacturing overhead was $479,000 and total direct labor cost was $850,000. Manufacturing overhead is applied to jobs on the basis of direct labor costs using predeter mined rates Required a. How much overhead was assigned to each of the three jobs, 301, 302, and 303? What was the over-or underapplied manufacturing overhead for year 1? (LO 7-3) 7-29. Prorate Under- or Overapplied Overhead ofor to the informatin in Exercise 7-28. Prepare an entry to allocate the under- or overap