Ashland corporation estimates its manufacturing overhead costs to be $360,000 and its direct labor costs to be $400,000 for 2020. the actual manufacturing labor costs were $120,000 for job 1, $180,000 for job 2 and $200,000 for job 3 during 2020. manufacturing overhead is applied to jobs on the basis of direct labor costs using a predetermined overhead rate. the actual manufacturing overhead cost for the year was $212,000. the amount of overhead assigned to job 3 during 2020 was:

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan