Question: Che Yarra Fabrication estimates that its mantifacturing overhead will be $2,246,400 in year 1. It further estimates that direct material costs will amount to $1,404,000.

 Che Yarra Fabrication estimates that its mantifacturing overhead will be $2,246,400

Che Yarra Fabrication estimates that its mantifacturing overhead will be $2,246,400 in year 1. It further estimates that direct material costs will amount to $1,404,000. During July, Yarra worked on four jobs with actual direct materials costs of $61,000 for Job 0701, $44,000 for Job 0702, $60,000 for Job 0703, and $37,000 for Job 0704. Actual manufacturing overhead costs for the year were $2,405,000. Actual direct materials costs were $1,555,000. Manufacturing overhead is applied to jobs based on direct materials. cost using predetermined rates. Required: a. How much overhead was applied to each of the four jobs, 0701, 0702, 0703, and 0704? b. What was the over- or underapplied manufacturing overhead for year 1? Complete this question by entering your answers in the tabs below. Required A Required B How much overhead was applied to each of the four jobs, 0701, 0702, 0703, and 0704? Job 0701 Job 0702 Job 0703 Job 0704

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