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Yarra Fabrication estimates that its manufacturing overhead will be $2.368.000 in year 1 It further estimates that direct material costs will amount to $1.480,000. During
Yarra Fabrication estimates that its manufacturing overhead will be $2.368.000 in year 1 It further estimates that direct material costs will amount to $1.480,000. During July. Yarra worked on four jobs with actual direct materials costs of $80,000 for Job 0701 $120,000 for Job 0702. $155.000 for Job 0703. and $75,000 for Job 0704. Actual manufacturing overhead costs for the year were $2.500.000 Actual direct materials costs were $1650,000. 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 12 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? ob 0700 Job 0704 Yarra Fabrication estimates that its manufacturing overhead will be $2.368 000 in year 1. It further estimates that direct material costs wel amount to $1.480000 During July Yarra worked on four jobs with actual direct materials costs of $80.000 for Job 0701 $120.000 for Job 0702 $155.000 for Job 0702 and 575 000 for Job 0704 Actual manufacturing overhead costs for the year were $2.500.000 Actual direct materials costs were $1,650.000. Manufacturing overhead is applied to jobs based on direct materials cost using predetermined rates. Required: .. 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 What was the over- or underapplied manufacturing overhead for year 17... manufacturing overhead
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