Antoine Machining estimated its manufacturing overhead to be $289,170 and its direct materials costs to be $459,000 in Year 1. Three of the jobs that Antoine Machining worked on in Year 1 had actual direct materials costs of $24,000 for Job AM002, $64,000 for Job AM005, and $79,000 for Job AM008. For Year 1, actual manufacturing overhead was $317,500 and total direct materials cost was $549,000. Manufacturing overhead is applied to jobs on the basis of direct materials costs using predetermined rates.

Required:

How much overhead was assigned to each of the three jobs, AM002, AM005, and AM008?

What was the over- or underapplied manufacturing overhead for Year 1?

Answer rating: 100% (QA)

How much overhead was assigned to each job To calculate the overhead assigned to each jobwe need to ... View the full answer