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Yarra Fabrication estimates that its manufacturing overhead will be $2,329,600 in year 1. It further estimates that direct material costs will amount to $1,456,000.

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Yarra Fabrication estimates that its manufacturing overhead will be $2,329,600 in year 1. It further estimates that direct material costs will amount to $1,456,000. During July, Yarra worked on four jobs with actual direct materials costs of $74,000 for Job 0701, $96,000 for Job 0702, $125,000 for Job 0703, and $63,000 for Job 0704. Actual manufacturing overhead costs for the year were $2,470,000. Actual direct materials costs were $1,620,000. 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? 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 0702 Job 0703 Job 0704 < Required A Required B >

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