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5. The Eastern Seaboard Company uses an estimated rate for allocating factory overhead to job orders based on machine hours for the machining department and

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5. The Eastern Seaboard Company uses an estimated rate for allocating factory overhead to job orders based on machine hours for the machining department and on a direct labor cost basis for the finishing department. The company budgeted the following for last year: During the month of December, the cost record for Job 602 shows the following: 7 a) What is the estimated overhead allocation rate that should be used in the machining department? In the finishing department? b) What is the total overhead allocated to Job 602 ? c) If Job 602 consisted of 200 units of product, what is the unit cost

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