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Davey Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Davey allocates manufacturing
Davey Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Davey allocates manufacturing overhead costs using direct manufacturing labor costs. Davey provides the following information: (Click the icon to view the information.) Read the requirements. Requirement 1. Compute the actual and budgeted manufacturing overhead rates for 2017. (Enter your answer as a number (not as a percentage) rounded to two decimal places, X.XX.) Saved to this PC Actual manufacturing overhead rate = 1.85 Budgeted manufacturing overhead rate = 1.7 Requirement 2. During March, the job-cost record for Job 626 contained the following information: Direct materials used $60,000 Direct manufacturing labor costs $30,000 Compute the cost of Job 626 using (a) actual costing and (b) normal costing. Normal Actual Costing Data Table Costing Direct materials Direct manufacturing labor costs Manufacturing overhead costs Budget for 2017 Actual Results for 2017 2,200,000 $ 2,075,000 1,750,000 1,700,000 2,975,000 3,145,000 Direct material costs Direct manufacturing labor costs Manufacturing overhead costs Total manufacturing costs of Job 626 Choose from any list or enter any number in the input fields and th| Print Done
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