(Solved): Sturgis Manufacturing produces one model of precision tool and accounts for costs using a job cost ...

Sturgis Manufacturing produces one model of precision tool and accounts for costs using a job cost system. Information from the most recent fiscal year indicates the following: - Total manufacturing cost during the year was $\$2,578,300$ based on actual direct materials, actual direct labor, and applied manufacturing overhead. Of this amount, 40 percent was comprised of direct costs. - Manufacturing overhead was applied to work in process at 250 percent of direct materials dollars. Required: Compute actual direct materials used, actual direct labor, and applied manufacturing overhead. Antoine Machining estimated its manufacturing overhead to be $\$294,450$ and its direct materlals costs to be $\$453,000$ in Year 1 . Three of the jobs that Antoine Machining worked on in Year 1 had actual direct materials costs of $\$18,000$ for Job AM002, $\$58,000$ for Job AM005, and $\$73,000$ for Job AM008. For Year 1, actual manufacturing overhead was $\$314,500$ and total direct materlals cost was $\$543,000$. Manufacturing overhead is applied to jobs on the basis of direct materlals costs using predetermined rates. Requlred: a. How much overhead was assigned to each of the three Jobs, AM002, AM005, and AM008? 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 assigned to each of the three jobs, AM002, AM005, and AM008?