Question 10 Vaughn Company manufactures a line of lightweight running shoes. CEO Mark Vaughn estimated that the company would incur $3,343,120 in manufacturing overhead during the coming year. When Vaughn Company uses direct labor hours as its manufacturing overhead application base, predetermined overhead rate is $15.20/DLH and when it uses machine hours as its manufacturing overhead application base, predetermined overhead rate is $6.38/MH. Additionally, he estimated the company would operate at a level requiring 219,942 direct labor hours and 524,000 machine hours. At the end of the year, Vaughn Company had worked 205,000 direct labor hours, used 353,000 machine hours, and incurred $2,530,000 in manufacturing overhead. If Vaughn Company used direct labor hours as its manufacturing overhead application base, how much overhead was applied to jobs during the year? Overhead applied $ Using direct labor hours as the application base, was manufacturing overhead under- or overapplied for the year? By how much? by Manufacturing overhead by $ If Vaughn Company used machine hours as its manufacturing overhead application base, how much overhead was applied to jobs during the year? Overhead applied $ Using machine hours as the application base, was manufacturing overhead under- or overapplied for the year? By how much? Manufacturing overhead by $