Solution-How much overhead was assigned to each of the

How much overhead was assigned to each of the three jobs

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Reference no: EM132664839

Southern Rim Parts estimates its manufacturing overhead to be $432,000 and its direct labor costs to be $1,080,000 for year 1. The first three jobs that Southern Rim worked on had actual direct labor costs of $67,000 for Job 301, $92,000 for Job 302, and $185,000 for Job 303. For the year, actual manufacturing overhead was $389,000 and total direct labor cost was $832,000. Manufacturing overhead is applied to jobs on the basis of direct labor costs using predetermined rates.

Required:

Problem a. How much overhead was assigned to each of the three jobs, 301, 302, and 303?

Problem b. What was the over- or underapplied manufacturing overhead for year 1?

Reference no: EM132664839

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How much overhead was assigned to each of the three jobs

Reference no: EM132664839

Reference no: EM132664839

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