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Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs. For Year...

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Accounting

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Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs. For Year 2,2M estimates its manufacturing overhead to be $425,360 and its direct labor costs to be $818,000. 2M worked on three jobs for the year. Job 2M1, which was soid during Year 2 , had actual direct labor costs of $728,750. Job 2M2, which was completed but not sold at the end of the year, had actual direct labor costs of $490,250. Job 2M3, which is still in work-in-process inventory, had actual direct labor costs of $106,000. Actual manufacturing overhead for Year 2 was $724,400. Required: a. How much overhead was applied to each job in Year 2? b. What was the over- or underapplied manufacturing overhead for Year 2? Complete this question by entering your answers in the tabs below. How much overhead was applied to each job in Year 2? What was the over- or underapplied manufacturing overhead for Year 2

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