Dakota Products uses a job-costing system with two direct cost categories (direct materials and direct manufacturing labour) and one manufacturing overhead cost pool.

Dakota allocates manufacturing overhead costs using direct manufacturing labour costs.

Dakota provides the following information

Budget for Actual for Year 2018 Year 2018 Direct manufacturing labour costs $1,600,000 $1,550,000 Direct manufacturing overhead costs $3,040,000 $3,177,500 Direct material costs $2,150,000 $2,075,000

Requirement 1. Compute the actual and budgeted manufacturing overhead rates for

2018.

(Enter the answers as dollar amounts only. Round your answer to two decimal places.)

Actual manufacturing overhead rate	=	2.05
Budgeted manufacturing overhead rate	=	1.90

Requirement 2. Compute the cost of Job 626 using (a) actual costing and (b) normal costing.

	Actual
	Costing
Direct materials
Direct manufacturing labour costs
Manufacturing overhead costs
Total manufacturing costs of Job 626