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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 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 $1,650,000. 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. How much overhead was applied to each of the four jobs, 0701,0702,0703, and 0704 ? 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 $1,650,000. 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. What was the over- or underapplied manufacturing overhead for year 1

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