BUS 2102 Homework 1 - Part 1 (75%) Due: Oct 27, 2023, 11:30 pm (to be submitted via Dropbox on D2L-Folder: Homework 1-P1) Global requirements for each question and requirement. 1. Please present your work and answers clearly and in detail. Points will not be assigned if the final answer or response is provided without showing how the final answer/response was determined. 2. Please be sure to show the inputs used, computations completed, and steps involved clearly and in an organized manner. 3. For requirements involving explanations/presentations, please provide your explanations using complete sentences and proper organization of the explanation/presentation. 4. Only work completed by hand (in handwriting using paper and pencil/pen) will be accepted. Typed work will not be accepted. 5. Please submit your work by the due date only via the designated platform (Dropbox folder on D2L: Folder name: Homework 1-P1). Do not attempt to submit your work via e-mail. Question 1 Mayers Company uses a job-costing system at its Dayton, OH plant. The plant has a machining department and a finishing department. Mayer 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 hours as the allocation base). The 2022 budget for the plant is as follows: Direct manufacturing labor-hours Manufacturing overhead costs Machine-hours tedy Direct manufacturing labor cost Required: chining Department 36,000 $11,220,000 220,000 $970,000 Direct materials used Direct manufacturing labor costs Direct manufacturing labor-hours aration Team $15,000 $700 47 160 Finishing Department 1.0. Please follow the presentation format applied for similar questions in the packet for chapter 4 (e.g., see the presentation for Question 3 or Question 4). Note: No response is expected for this requirement (i.e., requirement 1.0). 1.1. What is the budgeted manufacturing overhead rate in the machining and finishing departments? Please show one overhead rate for each department, with clear presentation of all inputs and computations. Show your work and present your work in good order. 1.2. During the month of January, the job-cost record for Job 431 shows the following: Machining Department Finishing Department 175,000 $8,788,500 34,000 $4,050,000 $2,000 $1,200 50 Machine-hours 65 Based on the information above, compute the total manufacturing overhead cost allocated to Job 431. Show your work and present your work in good order.

Global requirements for each question and requirement. 1. Please present your work and answers clearly and in detail. Points will not be assigned if the final answer or response is provided without showing how the final answer/response was determined. 2. Please be sure to show the inputs used, computations completed, and steps involved clearly and in an organized manner. 3. For requirements involving explanations/presentations, please provide your explanations using complete sentences and proper organization of the explanation/presentation. 4. Only work completed by hand (in handwriting using paper and pencil/pen) will be accepted. Typed work will not be accepted. 5. Please submit your work by the due date only via the designated platform (Dropbox folder on D2L: Folder name: Homework 1-P1). Do not attempt to submit your work via e-mail. Question 1 Mayers Company uses a job-costing system at its Dayton, OH plant. The plant has a machining department and a finishing department. Mayer 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 hours as the allocation base). The 2022 budget for tha alant ie ae fallowie: 1.0. Please follow the presentation format applied for similar questions in the packet for chapter 4 (e.g., see the presentation for Question 3 or Question 4). Note: No response is expected for this requirement (i.e., requirement 1.0 ). 1.1. What is the budgeted manufacturing overhead rate in the machining and finishing departments? Please show one overhead rate for each department, with clear presentation of all inputs and computations. Show your work and present your work in good order. 1.2. During the month of January, the job-cost record for Job 431 shows the following: sased on the intormation apove, compute the total manuracturing overnead cost anocated to Job 431. Show your work and present your work in good order