17 Summer Te I DALJU ASIMETSOMASSgmen Uruer CUSUNG Unit 3 Assignment - Job Order Costing Submit Assignment cements Due Sunday by 11:59pm Points 80 Submitting a text entry box or a file upload ons Instructions In this assignment, we will look at the costing system used in many small businesses. Job Order Costing is used when costs can be traced back to specific jobs. Car repair shops use Job order costing as they can track the parts and labor to each individual car so they can accurately bill the customer. The challenge in Job Order costing is how to allocate overhead accurately. We do this by estimating overhead at the beginning of the period and then adjust the actual amount at the end of the period. rations nces Download the assignment template and complete the problems on each tab. In this assignment 55 Problem 1 - Completing the Job Cost Sheet Problem 2 - Allocating costs to specific jobs Problem 3 - Calculating under/over applied overhead Problem 4 - Calculating overhead and completing a Cost of Goods manufactured schedule. Assignment Objectives Differentiate between the available costing methods. Apply Analyze various overhead allocation methods. Deliverables When you have finished, rename the file using your first initial, last name, course number and assignment number (for example "Doe_AC306_A3.xlsx"). Fatimated to com b o MacBook Pro liser . * 14 A Calibri (Body) BIU A = = = AE Wrap Text Morge & Center - General $ % Insert Delete Format ) Conditional Format Formatting as Table Coll Styles H I J KL F G The company uses a predetermined overhead rate of $29 per machine-hour to apply overhead cost to jobs. A total of 32,5.00 machine-hours were used during the year. Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. 29 Overhead Rate 32,500 Machine Hours 942,500 2. Prepare a schedule of cost of goods manufactured for the year. Alembic Company Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Raw materials used in production Manufacturing overhead applied to work in process Total manufacturing costs Problem 4 + fartin Cart of RAAHER Problem 1 Problem 2 Problem 3 Ready MacBook Pro