2. Job costing, accounting for manufacturing overhead, budgeted rates. Giannacopoulos SA uses a job-costing system at its Korinthos plant. The plant has a Machining Department and an Assembly Department. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labour) and two manufacturing overhead cost pools (the Machining Department, allocated using actual machine-hours, and the Assembly Department, allocated using actual labour cost). The 2011 budget for the plant is as follows:

Machining Department Assembly Department Manufacturing overhead 1 800 000 3 600 000

Direct manufacturing labour cost 1 400 000 2 000 000

Direct manufacturing labour-hours 100 000 200 000

Machine-hours 50 000 200 000 Required:

1 Present an overview diagram of Giannacopouloss job-costing system. What is the budgeted overhead rate that should be used in the Machining Department? In the Assembly Department

I WANT ONLY THE DIAGRAM!!