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Southern Rim Parts estimates its manufacturing overhead to be $444,000 and its direct labor costs...

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Accounting

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Southern Rim Parts estimates its manufacturing overhead to be $444,000 and its direct labor costs to be $110.000 for year 1. The first three jobs that Southern Rim worked on had actual direct labor costs of $70,000 for Job 301 $95.000 for Job 302, and $200.000 for Job 303 For the year, actual manufacturing overhead was $374,000 and total direct labor cost was $829.000 Manufacturing overhead is applied to jobs on the basis of direct labor costs using predetermined rates. Required: a. How much overhead was assigned to each of the three jobs, 301 302 and 303? 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 assigned to each of the three jobs, 301, 302, and 303? $ Job 301 Job 302 Job 303 70 000 95.000 200 000 WA Required B >

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