4-36 Job costing, accounting for manufacturing overhead, budgeted rates. Daewoong Medicals, a healthcare company based in South Korea, uses a job-costing system at Hyangnam plant. The plant has a technology department and a finishing department. Daewoong uses normal costing with two direct-cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the technology department with machine-hours as the allocation base and the finishing department with direct manufacturing labor costs as the allocation base). The 2021 budget for the plant is as follows: Compute the total manufacturing overhead cost allocated to Job 431. 4. Assuming that Job 431 consisted of 300 units of product, what is the cost per unit? 5. Amounts at the end of 2021 are as follows: Manufacturing overhead costs Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Technology Department $9,065,000 $ 970,000 36,000 185,000 Finishing Department $8,181,000 $4,050,000 155,000 37,000 Technology Department Finishing Department Manufacturing overhead incurred $10,000,000 $7,982,000 Direct manufacturing labor costs $ 1,030,000 $4,100,000 Machine-hours 200,000 34,000 Compute the under- or overallocated manufacturing overhead for each department and for the Hyangnam plant as a whole. 6. Why might Daewoong use two different manufacturing overhead cost pools in its job-costing system? 1. Prepare an overview diagram of Daewoong's job-costing system. 2. What is the budgeted manufacturing overhead rate in the technology department? In the finishing department? 3. During the month of January, the job-cost record for Job 431 shows the following: Direct materials used Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Technology Department $13,000 $ 900 20 140 Finishing Department $5,000 $1,250 70 20