20 POWO COLU Given: Current period Overhead Direct labor Direct labor hours Machine hours | Assembly $ 100,000 50,000 5,000 10,000 Finishing $ 80,000 $ 10,000 1,000 40,000 Total $180,000 $ 60,000 6,000 50,000 Total JobA Direct materials Direct labor Direct labor hours Machine hours Assembly 120 80 Finishing $ 50 $ 40 $ $ 120 20 x o E F G B D I 4. (1 point each) Compute the following amounts. Assume that the Company uses one predetermined plantwide overhead rate with direct labor cost as the allocation base a. Predetermined plantwide overhead rate based on direct labor hours b. Overhead applied to Job A c. Unit product cost for Job A d. Margin for Job A assuming there are 35 units priced as $25 per unit Now assume that the Company is considering using predetermined departmental overhead rates e. Predetermined departmental overhead rate with direct labor dollars as the allocation base in the Assembly f. Predetermined departmental overhead rate with machine hours as the allocation base in the Finishing Department g. Assembly Department overhead applied to Job A h. Finishing Department overhead applied to Job A i. Unit product cost for Job A j. Margin for Job A assuming there are 35 units priced as $25 per unit -5 5. (2 points each) Indicate whether you agree or disagree with each of the following -6 statements. Briefly explain using the data given above for this Company. No computations a. Direct labor cost is a better cost driver to use than direct labor hours. b. Direct labor cost, direct labor hours, and machine hours are all easy to measure as cost drivers Op Ol mm c. Using departmental overhead rates is better than using one plantwide overhead rate 6. (1 point each) Indicate whether each of the statements is True or False. In a job-order costing system, all product costs are traced to a particular cost object A materials requisition records direct and indirect materials used in a specific job A time ticket records only direct labor jused for various jobs A job cost sheet summarizes the direct materials, direct labor, and applied overhead for a job