Accounting Management Decisions

Please answer the following questions, it would be greatly appreciated

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Oliver Industries, a small, family-run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated for the year: (Click the icon to view activities, total costs, and cost drivers.) (Click the icon for additional information.) Read the requirements. 1. Compute the activity cost allocation rates for the year. (Round your answers to the nearest whole dollar.) First determine the formula to compute the allocation rate for the activity-based cost rate, then calculate the rate for each activity. Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $45 per machine hour, while the Sanding Department uses a departmental overhead rate of $30 per direct labor hour. Job 603 used the following direct labor hours and machine hours in the two departments: The cost for direct labor is $25 per direct labor hour and the cost of the direct materials used by Job 603 is $1,500. How much manufacturing overhead would be allocated to Job 603 using the departmental overhead rates? A. $565 B. $775 C. $690 D. $375 Assume a job with one stair climber requires 8 direct labor (DL) hours to produce: 5 DL hours in the Machining Department and 3 DL hours in the Assembly Department. The plantwide overhead rate and departmental allocation rates are as follows: (Click the icon to view the plantwide overhead rate and departmental allocation rates.) Read the requirements. 1. How much MOH would be allocated to the job using the plantwide overhead rate? First, identify the formula, then calculate the amount of manufacturing overhead that would be allocated to the job if the plantwide overhead rate is used. Data table