Data table The Lufu Company uses a nocmal job-costing system at its Minneapolis plant. The plant has a machining department and an assembly department. Its job-costing system has two direct-cost categones (direct materials and direct manufacturing labor) and two manulacturing overtead cost pools (the machining department overbead, allocatod to jobs based on actual machine-hours, and he assembly department overhead, allocated to jobs based on actual direct manufocturing labor costs). The 2020 budget for the plant is as follows: (Click the icon to view the budget data.) Read the tequirements. Requirement 1. Enter the formula, then enter the budgeted manufacturng overhead and cost allocation bases to solve for the budgeted manufacturing overhead rate for each department (Enter the percentage result as a whole percentage. Abbreviations used: manut, m manufacturing, DM = direct manufacturing ) Requirement 2. Review the February job-Cost recoed for Job 494 . Compute the total manufacturing overhead costs allocated to Job 494 . (Abbreviations used: MOH = manutacturing overtead) Enter the formula to calculate the manufacturing overhead to allocate to a job. Compute the total manutacturing overhead costs allocated to Job 494 . (do not round intermediary calculations) Requirement 3. At the end of 2020, the actual manufacturing overhead costs were $2,000,000 in machining and $4,100,000 in assembly. Assume that $4,000 actual machine-hours were used in machining and that actual direct manufacturing labor costs in assembly were $2,300,000. Compute the over- or underallocated manufacturing overhead for each department. Enter the formula and compute the over- or underallocated manufacturing overhesd for the year for each department. (Use parentheses oc a minus kign fo report manufacturing overhead Data table \begin{tabular}{|lccc|} \hline & \multicolumn{1}{c|}{ Machining Department } & Assembly Department \\ \hline Manufacturing overhead & $ & 1,800,000$ & 4,000,000 \\ Direct manufacturing labor costs & $ & 1,400,000$ & 2,000,000 \\ Direct manufacturing labor-hours & 180,000 & 250,000 \\ Machine-hours & 50,000 & 250,000 \\ \hline \end{tabular} Print Done The Livi Company uses a nomal job-costing system at its Minneapolis plant. The plant has a machining department and an assembly department. Its job-costing system has two divectcont the sssembly department ovethead, allocated to jobs based on actual direct manufocturing labor costs). The 2020 budpet for the plant is an follows. (Click the icon to view the budgot data) Read the equicments Enter the formula to caiculate the manulacturing overtead to allocate to a job. * MOH alocated to kb Compule the total manulacturing overtead costs alocated to Job 494 ( (00 not round intermediary caloulations) Requirement 3. As the end of 2020, the actual manufacturing ovechead costs were $2,000,000 in machining and $4,100,000 in assembly. Assume that 54,000 actual machine-hourt were uted in machining and that actual direct manufacturing laber costs in assembly were $2,300,000. Compute the over- or undernilocated manutacturing ovechead for each departinent. Enter the formula and compute the over- cr underalocated manufactuning overhesd for the year for each department. (Whe parencheses or a minus nign to report manulacturing overhead overallocated. Abbreviations used: manut. = manufacturina.) Data table The Lufu Company uses a nocmal job-costing system at its Minneapolis plant. The plant has a machining department and an assembly department. Its job-costing system has two direct-cost categones (direct materials and direct manufacturing labor) and two manulacturing overtead cost pools (the machining department overbead, allocatod to jobs based on actual machine-hours, and he assembly department overhead, allocated to jobs based on actual direct manufocturing labor costs). The 2020 budget for the plant is as follows: (Click the icon to view the budget data.) Read the tequirements. Requirement 1. Enter the formula, then enter the budgeted manufacturng overhead and cost allocation bases to solve for the budgeted manufacturing overhead rate for each department (Enter the percentage result as a whole percentage. Abbreviations used: manut, m manufacturing, DM = direct manufacturing ) Requirement 2. Review the February job-Cost recoed for Job 494 . Compute the total manufacturing overhead costs allocated to Job 494 . (Abbreviations used: MOH = manutacturing overtead) Enter the formula to calculate the manufacturing overhead to allocate to a job. Compute the total manutacturing overhead costs allocated to Job 494 . (do not round intermediary calculations) Requirement 3. At the end of 2020, the actual manufacturing overhead costs were $2,000,000 in machining and $4,100,000 in assembly. Assume that $4,000 actual machine-hours were used in machining and that actual direct manufacturing labor costs in assembly were $2,300,000. Compute the over- or underallocated manufacturing overhead for each department. Enter the formula and compute the over- or underallocated manufacturing overhesd for the year for each department. (Use parentheses oc a minus kign fo report manufacturing overhead Data table \begin{tabular}{|lccc|} \hline & \multicolumn{1}{c|}{ Machining Department } & Assembly Department \\ \hline Manufacturing overhead & $ & 1,800,000$ & 4,000,000 \\ Direct manufacturing labor costs & $ & 1,400,000$ & 2,000,000 \\ Direct manufacturing labor-hours & 180,000 & 250,000 \\ Machine-hours & 50,000 & 250,000 \\ \hline \end{tabular} Print Done The Livi Company uses a nomal job-costing system at its Minneapolis plant. The plant has a machining department and an assembly department. Its job-costing system has two divectcont the sssembly department ovethead, allocated to jobs based on actual direct manufocturing labor costs). The 2020 budpet for the plant is an follows. (Click the icon to view the budgot data) Read the equicments Enter the formula to caiculate the manulacturing overtead to allocate to a job. * MOH alocated to kb Compule the total manulacturing overtead costs alocated to Job 494 ( (00 not round intermediary caloulations) Requirement 3. As the end of 2020, the actual manufacturing ovechead costs were $2,000,000 in machining and $4,100,000 in assembly. Assume that 54,000 actual machine-hourt were uted in machining and that actual direct manufacturing laber costs in assembly were $2,300,000. Compute the over- or undernilocated manutacturing ovechead for each departinent. Enter the formula and compute the over- cr underalocated manufactuning overhesd for the year for each department. (Whe parencheses or a minus nign to report manulacturing overhead overallocated. Abbreviations used: manut. = manufacturina.)