Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs. For Year...
90.2K
Verified Solution
Question
Accounting
Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs. For Year 2, 2M estimates its manufacturing overhead to be $424,840 and its direct labor costs to be $817,000.2M worked on three jobs for the year. Job 2M1, which was sold during Year 2 , had actual direct labor costs of $690,250. Job 2M2, which was completed but not sold at the end of the year, had actual direct labor costs of $464,350. Job 2M3, which is still in work-in-process inventory, had actual direct labor costs of $100,400. Actual manufacturing overhead for Year 2 was $687,600. 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? Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs. For Year 2, 2M estimates its manufacturing overhead to be $424,840 and its direct labor costs to be $817,000.2M worked on three jobs for the year. Job 2M1, which was sold during Year 2, had actual direct labor costs of $690,250. Job 2M2, which was completed but not sold at the end of the year, had actual direct labor costs of $464,350. Job 2M3, which is still in work-in-process inventory, had actual direct labor costs of $100,400. Actual manufacturing overhead for Year 2 was $687,600. 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. What was the over- or underapplled manufacturing overhead for Year 2


Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.