2 2 A B Job Order Costing Question Zoom Inc. makes motorboats and uses a normal job-costing system and allocates manufacturing overhead using direct manufacturing labour costs. The following data are available for past year, 3 Budgeted manufacturing overhead costs $1,000,000 Saving your work fo 4 Budgeted direct manufacturing labour cost $ 10,000,000 Remember to press 5 Actual manufacturing overhead costs $1010,932 A link to your spre 6 Actual direct manufacturing labour cost $ 12.732.000 Click the Moodlet 7 If you make chang 8 There is no need Inventory balances at the end of the year were: Direct Manufacturing Labour Cost Account Ending Balance in Ending Balance Work-in-process $475,000 $125,000 Finished Goods 1,600,000 375.000 Cost of Goods Sold 39,000,000 9.500,000 "There are 3 parts to this question below. 1.Calculate the budgeted manufacturing overhead rate. (1 Mark) A 17 18 19 20 2. Calculate the amount of under-or overallocated manufacturing overhead. (3 Marks) 21 22 23 24 25 26 27 3. Calculate the ending balances in WIP, FG, and COGS if underallocated or overallocated overhead is prorated based on the ending balances, before proration, in each of the three accounts. (4 Marks) 28 29 30 31 32 33 34