Exercise $7-34($Algo$)$ Predetermined Overhead Rates $($LO $7-3)$

Linzee Liners estimates that its manufacturing overhead will be $$1,743,400$ in Year $1$ It further estimates that direct labor costs will

amount to $$758,000.$ During March. Linzee worked on four Jobs with actual direct labor costs of $$35,800$ for Job $0301,$ $$23,300$ for

Job $0302,$ $$32,800$ for Job $0303,$ and $$16,800$ for Job $0304$ Actual manufacturing overhead costs for the year were $$1,730,000.$

Actual direct labor costs for the year were $$743,000.$ Manufacturing overhead is applied to jobs based on direct labor costs using

predetermined rates.

Required: $$

a$.$ How much overhead was applied to each of the four.jobs, $0301,0302,0303,$ and $0304?$

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

Complete this question by entering your answers in the tabs below.Exercise $7-34($Algo$)$ Predetermined Overhead Rates $($LO $7-3)$

Linzee Liners estimates that its manufactuning overhead will be $$1,743,400$ in Year $1.$ It further estimates that direct labor costs will

amount to $$758,000$ During March, Linzee worked on four Jobs with actual direct la costs of $$35,800$ for Job $0301,$ $$23,300$ for

Job $0302,$$$32,800$ for Job $0303,$ and $$16,800$ for Job $0304.$ Actual manufacturing overhead costs for the year were $$1,730,000.$

Actual direct labor costs for the year were $$743,000.$ Manufacturing overhead is applled to jobs based on direct labor costs using

predetermined rates.

Required:

a$.$ How much overhead was applied to each of the four$-$jobs, $0301,0302,0303,$ and $0304?$

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

Complete this question by entering your answers in the tabs below.

How much overhead was $$pplied to each of the four jobs, $0301,0302,0303,$ and $0304?$

Exercise $7-34($Algo$)$ Predetermined Overhead Rates $($LO $7-3)$

Linzee Liners estimates that its manufacturing overhead will be $$1,743,400$ in Year $1$ It further estimates that direct labor costs will

amount to $$758,000.$ During March. Linzee worked on four Jobs with actual direct labor costs of $$35,800$ for Job $0301,$ $$23,300$ for

Job $0302,$ $$32,800$ for Job $0303,$ and $$16,800$ for Job $0304$ Actual manufacturing overhead costs for the year were $$1,730,000.$

Actual direct labor costs for the year were $$743,000.$ Manufacturing overhead is applied to jobs based on direct labor costs using

predetermined rates.

Required: $$

a$.$ How much overhead was applied to each of the four.jobs, $0301,0302,0303,$ and $0304?$

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

Complete this question by entering your answers in the tabs below.