E4-22 (algo) Question Help 1 Destin Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool Destin allocates manufacturing overhead costs using direct manufacturing labor costs. Destin provides the following information (Click the icon to view the information.) Read the morement 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, XXX) Actual manufacturing overhead rate Budgeted manufacturing overhead rate X bl. E4-22 (algo) Destin Products uses a job-costing system with two direct-cost c Destin allocates manufacturing overhead costs using direct man (Click the icon to view the information.) Read the requirements Requirement 1. Compute the actual and budgeted manufacturin decimal places, XXX) Actual manufacturing overhead rate Budgeted manufacturing overhead rate Requirements 1. Compute the actual and budgeted manufacturing overhead rates for 2017. 2. During March, the job-cost record for Job 625 contained the following information Direct materials used Direct manufacturing labor costs $60,000 $30 000 Compute the cost of Job 626 using (a) actual costing and (b) normal costing 3. At the end of 2017 compute the under- or overallocated manufacturing overhead under normal costing Why is there no under- or overallocated overhead under actual costing? 4. Why might managers at Destin Products prefer to use normal costing? Data Table Budget for 2017 Direct material costs S 2,300 000 $ Direct manufacturing labor costs 1.000.000 Manufacturing overhead costs 3,240 000 Actual Results for 2017 ASU 2.200.000 1.760 000 3432.000 Print Done II t Check