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Exercise 7-32 (Algo) Predetermined Overhead Rates (LO 7-3) Antoine Machining estimated its manufacturing overhead to be $288,920 and its direct materials costs to be $466,000 in Year 1 . Three of the jobs that Antoine Machining worked on in Year 1 had actual direct materials costs of $31,000 for Job AMOO2, $71,000 for Job AM005, and $86,000 for Job AM008. For Year 1 , actual manufacturing overhead was $321,000 and total direct materials cost was $556,000. Manufacturing overhead is applied to jobs on the basis of direct materials costs using predetermined rates. Required: a. How much overhead was assigned to each of the three jobs, AMOO2, AMOO5, and AMOOB? 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 assigned to each of the three jobs, AM002, AM005, and AM008? Exercise 7-32 (Algo) Predetermined Overhead Rates (LO 7-3) Antoine Machining estimated its manufacturing overhead to be $288,920 and its direct materials costs to be $466,000 in Year 1 . Three of the jobs that Antoine Machining worked on in Year 1 had actual direct materials costs of $31,000 for Job AM002, $71,000 for Job AM005, and $86,000 for Job AMO08, For Year 1, actual manufacturing overhead was $321,000 and total direct materials cost was $556,000. Manufacturing overhead is applied to jobs on the basis of direct materials costs using predetermined rates. Required: a. How much overhead was assigned to each of the three jobs, AMOO2, AMOO5, and AMOOB? 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