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Southern Rim Parts estimates its manufacturing overhead to be $346,500 and its direct labor costs to be $990,000 for year 1 . The first three

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Southern Rim Parts estimates its manufacturing overhead to be $346,500 and its direct labor costs to be $990,000 for year 1 . The first three jobs that Southern Rim worked on had actual direct labor costs of $58,000 for Job 301,$83,000 for Job 302 , and $140,000 for Job 303 . For the year, actual manufacturing overhead was $434,000 and total direct labor cost was $841,000. Manufacturing overhead is applied to jobs on the basis of direct labor costs using predetermined rates. Required: a. How much overhead was assigned to each of the three jobs, 301, 302, and 303 ? 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, 301, 302, and 303

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