Southern Rim Parts estimates its manufacturing overhead to be $384,000 and its direct labor costs to be $960,000 for year 1 . The first three jobs that Southern Rim worked on had actual direct labor costs of $55,000 for Job 301,$80,000 for Job 302, and $125,000 for Job 303. For the year, actual manufacturing overhead was $449,000 and total direct labor cost was $844,000. 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 ? Southern Rim Parts estimates its manufacturing overhead to be $384,000 and its direct labor costs to be $960,000 for year 1 . The first three jobs that Southern Rim worked on had actual direct labor costs of $55,000 for Job 301,$80,000 for Job 302 , and $125,000 for Job 303. For the year, actual manufacturing overhead was $449,000 and total direct labor cost was $844,000. 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. What was the over-or underapplied manufacturing overhead for year 1