Yarra Fabrication estimates that its manufacturing overhead will be $2,278,400 in year 1. It further estimates that direct material costs will amount to $1,424,000. During July, Yarra worked on four jobs with actual direct materials costs of $66,000 for Job 0701, $64,000 for Job 0702, $85,000 for Job 0703, and $47,000 for Job 0704. Actual manufacturing overhead costs for the year were $2,430,000. Actual direct materials costs were $1,580,000. Manufacturing overhead is applied to jobs based on direct materials cost using predetermined rates.

Required:

a. How much overhead was applied to each of the four jobs, 0701, 0702, 0703, and 0704?

b. What was the over- or underapplied manufacturing overhead for year 1?