Business, 31.10.2019 02:31 Heneyda

Southern rim parts estimates its manufacturing overhead to be $368,000 and its direct labor costs to be $920,000 for year 1. the first three jobs that southern rim worked on had actual direct labor costs of $51,000 for job 301, $76,000 for job 302, and $105,000 for job 303. for the year, actual manufacturing overhead was $469,000 and total direct labor cost was $848,000. 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?

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Southern rim parts estimates its manufacturing overhead to be $368,000 and its direct labor costs to...

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