Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs. For Year 2,...

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Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs. For Year 2, 2M estimates its manufacturing overhead to be $421,200 and its direct labor costs to be $810,000. 2M worked on three jobs for the year. Job 2M-1, which was sold during Year 2, had actual direct labor costs of $420,750. Job 2M-2, which was completed but not sold at the end of the year, had actual direct labor costs of $283,050. Job 2M-3, which is still in work-in-process inventory, had actual direct labor costs of $61,200. Actual manufacturing overhead for Year 2 was $430,000. Required: a. How much overhead was applied to each job in Year 2? b. What was the over- or underapplied manufacturing overhead for Year 2? Complete this question by entering your answers in the tabs below. Required A Required B How much overhead was applied to each job in Year 2? Job 2M-1 Job 2M-2 Job 2M-3 Required A Required B > Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs. For Year 2, 2M estimates its manufacturing overhead to be $421,200 and its direct labor costs to be $810,000. 2M worked on three jobs for the year. Job 2M-1, which was sold during Year 2, had actual direct labor costs of $420,750. Job 2M-2, which was completed but not sold at the end of the year, had actual direct labor costs of $283,050. Job 2M-3, which is still in work-in-process inventory, had actual direct labor costs of $61,200. Actual manufacturing overhead for Year 2 was $430,000. Required: a. How much overhead was applied to each job in Year 2? b. What was the over- or underapplied manufacturing overhead for Year 2? Complete this question by entering your answers in the tabs below. Required A Required B How much overhead was applied to each job in Year 2? Job 2M-1 Job 2M-2 Job 2M-3 Required A Required B >

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To determine the overhead applied to each job in Year 2 we need to calculate the overhead rate based ... View the full answer