2108AFE Topic 2 Homework w View EndNote X8 ACROBAT Tell me what you want to do.. TNormal No Spac-Heading 1 Heading 2 Title Subtit Paragraph 2104AFE Workshop 4 - Questions.docx- Word ences Mailings Review View EndNote X8 ACROBAT Tell me whet you want to do.. 1 Normal TNo Spac.. Heading1Hea Paragraph Workshop 4 6.14 Jobcosting-PRESENTATION 1 Strahan Products uses a job-costing system with two direct-cost categories (direct materials and direct production labour) and one production overhead cost pool. Strahan Products allocates production overhead costs using direct materials costs. Strahan Products provides the following information: Budget for 2019 $2 250 000 1 700 000 4 760 000 Actual results for 2019 Direct materials costs Direct production labour costs Production overhead costs $2 150 000 1 650 000 4 867 500 Required: 1. Calculate the actual and budgeted production overhead rates for 2019. 2. During March, the job-cost record for job 725 contained the following information: Direct materials used Direct production labour costs $40 000 $30 000 Calculate the cost of job 725 using: (a) actual costing and (b) normal costing. 3. At the end of 2019, calculate the under- or over-allocated production overhead under normal costing. Explain why there is no under- or over-allocated overhead under actual costing. DELL