Calculatin Departmentsl overhead rates using Post-Allocation costs

The costs of the Human Resources Department are allocated on the basis of number of employees, and the costs of General Factory are allocated on the basis of square footage. Valron Company uses the direct method of support department cost allocation. Solve for the allocated costs to Fabricating and Assembly using the direct method of support department cost allocation. The Fabricating Department overhead rate is based on normal activity of 88,0e0 machine hours. The Assembly Department overhead rate is based on normal activity of 150,000 direct labor hours. Job 316 required eight machine hours in Fabricating and four direct labor hours in Assembly. Total direct makerials cost 5120 , and total direct labor cost Was 580 Required: 1. Calculate the overhead rate for Fabricating based on machine hours and the overhead rate for Assembly based on direct labor hours. If required, round your answers to the nearest cent. Use the rounded values for subsequent calculations: 2. Using the overhead rates calculated in Requirement 1, calcufate the cost of job 316. 1f required, round your answer to the nearest-cent. 3. What if Job 316 had required two machine hour in Fabricating and four direct labor hours in Assembly? Direct labor and direct materials corts remained the same. Calculate the new cost of Job 316. If required, round your answer to the nearest cent. The costs of the Human Resources Department are allocated on the basis of number of employees, and the costs of General Factory are allocated on the basis of square footage. Valron Company uses the direct method of support department cost allocation. Solve for the allocated costs to Fabricating and Assembly using the direct method of support department cost allocation. The Fabricating Department overhead rate is based on normal activity of 88,0e0 machine hours. The Assembly Department overhead rate is based on normal activity of 150,000 direct labor hours. Job 316 required eight machine hours in Fabricating and four direct labor hours in Assembly. Total direct makerials cost 5120 , and total direct labor cost Was 580 Required: 1. Calculate the overhead rate for Fabricating based on machine hours and the overhead rate for Assembly based on direct labor hours. If required, round your answers to the nearest cent. Use the rounded values for subsequent calculations: 2. Using the overhead rates calculated in Requirement 1, calcufate the cost of job 316. 1f required, round your answer to the nearest-cent. 3. What if Job 316 had required two machine hour in Fabricating and four direct labor hours in Assembly? Direct labor and direct materials corts remained the same. Calculate the new cost of Job 316. If required, round your answer to the nearest cent