Sturgis Manufacturing produces one model of precision tool and accounts for costs using a job cost system. Information from the most recent fiscal year indicates the following Total manufacturing cost during the year was $2,578,350 based on actual direct materials, actual direct labor, and applied manufacturing overhead. Of this amount, 40 percent was comprised of direct costs. Manufacturing overhead was applied to work in process at 250 percent of direct materials dollars. Required: Compute actual direct materials used, actual direct labor, and applied manufacturing overhead Direct materials used Direct labor Manufacturing overhead applied Antoine Machining estimated its manufacturing overhead to be $280,240 and its direct materials costs to be $452,000 in Year 1. Three of the jobs that Antoine Machining worked on in Year 1 had actual direct materials costs of $15,300 for Job AM002, $56,100 for Job AM005, and $71,400 for Job AM008 For Year 1, actual manufacturing overhead was $313,200 and total direct materials cost was $550,000. Manufacturing overhead is applied to jobs on the basis of direct materials costs using predetermined rates. Overhead applied in each of the Inventory accounts is as follows Work-in-process inventory Finished goods inventory Cost of goods sold Required: $ 20,460 64,790 255,750 Prepare an entry to allocate the under- or overapplied overhead. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet