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

Linzee Liners estimates that its manufacturing overhead will be $$1,764,100$ in Year $1.$ It further estimates that direct labor costs will

amount to $$767,000.$ During March, Linzee worked on four jobs with actual direct labor costs of $$36,700$ for Job $0301,$ $$24,200$ for Job

$0302,$ $$33,700$ for Job $0303,$ and $$17,700$ for Job $0304.$ Actual manufacturing overhead costs for the year were $$1,752,500.$ Actual

direct labor costs for the year were $$752,000.$ 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 $1?$