E4-25 (similar to) Question Help The Luke Company uses a normal 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 categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department overhead, allocated to jobs based on actual machine-hours, and the assembly department overhead, allocated to jobs based on actual direct manufacturing labor costs). The 2017 budget for the plant is as follows: (Click the icon to view the budget data.) Read the requirements Requirement 1. Identify the components of the overview diagram of Luke's job-costing system. Compute the budgeted manufacturing overhead rate for each department. (Abbreviations used: Manuf. = manufacturing.) Machining Assembly A B A Indirect Cost Pool B Machining Department Manuf. Overhead NA Choose from any drop-down list and then click Check Answer, 2 ke Company uses a normal job-costing system at its Minneapolis plant. The plant has a machining department and embly department. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing ctua Data Table id Manufacturing overhead Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Machining Department Assembly Department 1,800,000 $ 3,900,000 $ 1,000,000 $ 3,000,000 100,000 210,000 60,000 210,000 Print Done se mom any drop-down list and then click Check Answer ? E i Requirements x T a le R 1. Identify the components of the overview diagram of Luke's job-costing system. Compute the budgeted manufacturing overhead rate for each department 2. During February, the job-cost record for Job 494 contained the following: Machining Department Assembly Department Direct material used 49,000 $ 77,000 Direct manufacturing labor costs $ 18,000 $ 20.000 Direct manufacturing labor-hours 1,500 1,800 Machine-hours 2,800 1,800 Compute the total manufacturing overhead costs allocated to Job 494. 3. At the end of 2017, the actual manufacturing overhead costs were $2,100,000 in machining and $4,300,000 in assembly. Assume that 65,000 actual machine-hours were used in machining and that actual direct manufacturing labor costs in assembly were $3,100,000. Compute the over- or underallocated manufacturing overhead for each department CH Print Done 55 Score: 0 of 25 pts E4-25 (similar to) The Luke Company uses a normal job-costing system at its Minneapolis plant. The plant has a machining department and an assembly depart materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department overhead, allocated to jobs allocated to jobs based on actual direct manufacturing labor costs). The 2017 budget for the plant is as follows: (Click the icon to view the budget data.) Read the requirements Machining Assembly A B } A Indirect Cost Pool B Machining Department Manuf. Overhead C Machining Department Direct Materials D E F DCost Allocation Base E Machine-Hours F Direct Manufacturing Labor Cost Choose from any drop-down list and then click Check Answer. parts remaining Clear All The Luke Company uses a normal job-costing system at its Minneapolis plant. The plant has a machining department and a materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department overhead, allocated to jobs based on actual direct manufacturing labor costs). The 2017 budget for the plant is as follows: Click the icon to view the budget data.) Read the requirement Die Wildtuny Labor COSE 1 H } G Cost Object Product H Indirect Costs 1 Direct Costs 1. 1 J Direct Costs K Direct Materials L Direct Manufacturing Labor K Choose from any drop-down list and then click Check Answer. parts emaining Clear All