Refer to M2-11 for Fairfield Company. Its actual manufacturing costs for the most recent period are summarized here:

1. Post the preceding information to Fairfield Company's Manufacturing Overhead T-account.
2. Compute over- or underapplied manufacturing overhead.

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Item Description Total Cost $60,000 Direct materials ndirect materials Hourly labor wages Used on Jobs 101 and 102 sed on multiple jobs 750 hours $30 per hour 200 hours for Job 101 $6,000 9.000 7,500 300 hours for Job 102- 22.500 4,000 8,000 2,500 9.000 7,500 6,000 250 hours for Job 103 Factory supervision Production engineer Factory janitorial work Selling. general, and administrative salaries Other manufacturing overhead costs (factory rent, insurance, depreciation, etc.) Other selling. general, and administrative costs(office rent, insurance, depreciation, etc,)