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Yarra Fabrication estimates that its manufacturing overhead will be $2,316,800 in year 1. It further estimates that direct material costs will amount to $1,448,000. During
Yarra Fabrication estimates that its manufacturing overhead will be $2,316,800 in year 1. It further estimates that direct material costs will amount to $1,448,000. During July, Yarra worked on fourjobs with actual direct materials costs of $72,000 for Job 0701, $88,000 for Job 0702, $115,000 for Job 0703, and $59,000 for Job 0704. Actual manufacturing overhead costs for the year were $2,460,000. Actual direct materials costs were $1,610,000. Manufacturing overhead is applied tojobs based on direct materials cost using predetermined rates. Required: 3. How much overhead was applied to each of the fourjobs, 0701, 0702, 0703, and 0704? b. What was the over- or underapplied manufacturing overhead for year 1? Complete this question by entering your answers in the tabs below. Required A Required B How much overhead was applied to each of the four jobs, 0701, 0702, 0703, and 0704? Job 0701 Job 0703 Job 0704 Job 0702 Required A Required B What was the over- or underapplied manufacturing overhead for year 1? manufacturing overhead
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