Given: Apple Valley Corporation uses a job cost system and has two production departments, Machining and Assembly. Budgeted manufacturing costs and machine hours for the year 2018 are: Direct materials Direct manufacturing labor Manufacturing overhead Machine hours Machining S700,000 S200,000 $500,000 100,000 Assembly S100,000 S800,000 S400,000 The actual material and labor costs, and machine hours charged in 2018, to Job #432 were as follows: Total $25,000 Direct materials: Direct labor: Machining Assembly S8,000 $12,000 $20,000 9,000 Machine hours Apple Valley applies manufacturing overhead costs for the Machining department to jobs on the basis of machine hours using departmental rates determined at the beginning of the year. 1) Question 1 - For Machining, the manufacturing overhead allocation rate is: 2) Apple Valley applies manufacturing overhead costs for the Assembly department to jobs on the basis of direct labor dollars using departmental rates determined at the beginning of the year. Question 2 - For Assembly, the manufacturing overhead allocation rate is: 3). Question 3 - Manufacturing overhead costs allocated to Job #432 total: 4) Ouestion 4 - The total manufacturing costs for Job #432 are: 5) Question 5 - At the end of the year 2018, the Apple Valley Corporation had an MOH balance of $525,000, and a balance of $450,000 in MOHA. Circle the correct year end write-off of the MOH and MOHA accounts. Suggestion: post to T accounts before choosing the correct write off answer. A. Manufacturing overhead applied S450,000 S 75,000 $525,000 S525,000 Finished goods Manufacturing overhead B. Manufacturing overhead Cost of goods sold Manufacturing overhead applied C. Manufacturing overhead S 75,000 $450,000 S525,000 $ 75,000 Finished goods Manufacturing overhead applied $450,000 D. Manufacturing overhead applied S450,000 $ 75,000 Cost of goods sold Manufacturing overhead $525,000 Comprehensive - Variances - 5 points each - Total - 2.5 Points Apple Valley Corporation produces textiles. A certain textile requires the following: Direct materials standard Direct manufacturing labor standard 5 yards at S15.00 per yard 2 hours at $30.00 per hour During December 2019, the Company made 2,000 of this certain textile and used 12,000 yards of raw materials costing $168,000. Direct labor totaled 3,500 hours for S122,500. Required: a. Compute the direct materials price and efficiency variances (1 point) b. Compute the direct manufacturing labor price and efficiency variances: (1 point) .5 Good form - neat, good formatting, clear, in sum, good written communication