ACC 3300- Fall 2017-Chapter 4 Funwork Always handwrite and show your work when doing homework! Box or Circle final answers unless you are dealing with a financial statement (in that case, double underline your final answer) Have lots of FUN!! ky Company uses a job-costing system at its Miami, Florida, plant. The plant has a (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machinin Question 1) The Luc g department and a finishing department. Lucky uses normal costing with two direct-cost categories department with direct manufacturing department with machine- hours as the allocation base and the finishing labor costs as the allocation base). The 2017 budget for the plant is as follows: Machining Department Finishing Department Manufacturing overhead costs Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours $9,065,000 S 970,000 36,000 185,000 $8,181,000 $4,050,000 155,000 37,000 Amounts at the end of 2017 are as follows: Machining Department Finishing Department $7,982,000 $4,100,000 159,000 34,000 $10,000,000 1,030,000 Manufacturing overhead incurred Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours 38,000 200,000 Required (round to 2 decimal places when needed): 1) What is the amount of over- or under-applied manufacturing overhead for each department and for the plant as a whole? 2) During the month of September, the job-cost record for Job ILOVEACC3300 shows the following: Finishing Department Machining Department $13,000 Direct materials used Direct manufacturing labor costsS Direct manufacturing labor-hours Machine-hours $ 5,000 S 1,250 70 20 900 20 Assuming that Job ILOVEACC3300 consisted of 300 units of product, what is the cost per unit