ACC 3300 - Fall 2019 - 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!! Question 1) The Happy Company uses a job-costing system at its Charleston, Illinois plant. The plant has a machining department and a finishing department. Happy uses normal costing with two direct-cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department with machine-hours as the allocation base and the finishing department with direct manufacturing labor costs as the allocation base). The 2019 budget for the plant is as follows: Manufacturing overhead costs Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Machining Department $9,065,000 $ 970,000 36,000 185,000 Finishing Department $8.991.000 $4,050,000 155,000 37.000 Amounts at the end of 2019 are as follows: Manufacturing overhead incurred Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Machining Department $10,000,000 $ 1,030,000 38,000 200,000 Finishing Department $7,982,000 $4,100,000 159.000 34,000 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: Machining Department $13,000 $ 900 20 Finishing Department $ 5,000 $1,250 Direct materials used Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours 140 Assuming that Job ILOVEACC3300 consisted of 500 units of product, what is the cost per unit