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Exercise 4-23 (alt1) Question Help Lawrence Company uses a job-costing system at its Mississauga plant. The plant has a Machining Department and an Assembly
Exercise 4-23 (alt1) Question Help Lawrence Company uses a job-costing system at its Mississauga 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 labour) and two manufacturing overhead cost pools (the Machining Department, allocated using actual machine-hours [MH], and the Assembly Department, allocated using actual direct manufacturing labour cost). The 2019 budget for the plant is as follows: (Click the icon to view the budget data.) The company uses a budgeted overhead rate for allocating overhead to production orders on a machine-hour basis in Machining and on a direct-manufacturing-labour-cost basis in Assembly. Required Requirement 1. Compute the total manufacturing overhead costs of Job 494. Enter the formula to calculate the manufacturing overhead to allocate to a job and compute the total manufacturing overhead costs allocated to Job 494. Budgeted overhead rate Machining overhead $36 X Assembly overhead $36 X Total manufacturing costs allocated to Job 494 Actual cost allocation base MOH allocated to job
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