Question: Please please answer correct, i need answer in numerically way not in theoritical Linzee Liners estimates that its manufacturing overhead will be $1,725,000 in Year
Please please answer correct, i need answer in numerically way not in theoritical
Linzee Liners estimates that its manufacturing overhead will be $1,725,000 in Year 1. It further estimates that direct labor costs will amount to $750,000. During March, Linzee worked on four jobs with actual direct labor costs of $35,000 for Job 0301, $22,500 for Job 0302, $32,000 for Job 0303, and $16,000 for Job 0304. Actual manufacturing overhead costs for the year were $1,710,000. Actual direct labor costs for the year were $735,000. 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?
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