Henry Jackson, the new controlier of United Manufacturing Company (UMC) believes that the company should uso the dual rate mothod of allocating overhead costs of its Materials Management Department to its Machining and Assembly Departments instead of the single rate method, which the company has used since its inception 20 years ago. Jackson's Matorials Management Department has an annual capacily of 6,000 labor-hours and a budgeted fixed cost of $240,000. The budgeted veriable cost per labor-hour of the Materials Manngement Department is $20. Jackson gathers the following information: (Cick the icon to view the information.) Read the requirements. Requirement 1, Using the single-rate method, allocate Matorials Management Department costs to the Machining and Assembly Departments in these three ways. Start with allocnting (a), then (b), and finally (c). (Round the budgeted rate per item to the nearest cent.) (a) Budgeted rate per item: Machining Assembly Total Using the single-rate method, allocate Materials Management Department costs to the Machining and Assembly Departments in these three ways: a. Calculate the budgeted rate based on the budgeted number of Materials Management Department labor-hours and allocate costs based on the budgeted use of Materials Management labor-hours in the Machining and Assembly Departments. b. Calculate the budgeted rate based on the budgeted number of Materials Management Department labor-hours and allocate costs based on actual usage. c. Calculate the budgeted rate based on the practical capacity of Materials Management Department labor-hours and allocate costs based on actual 1. usage. Using the dual-rate method, compute the amount allocated to the Machining and Assembly Departments when (a) the budgeted fixed-cost rate is calculated using budgeted fixed costs and practical capacity of the Materials Management Department, (b) fixed costs are allocated based on the budgeted fixed-cost rate and budgeted usage of Materials Management Department services by the Machining and Assembly Departments, and (c) variable costs are allocated using the budgeted variable-cost rate and actual 2. usage. 3. Comment on your results in requirements 1 and 2. Discuss the advantages of the dual-rate method. Data Table Machining Department Assembly Department Total Budgeted usage of Materials 1,250 3,750 5,000 Management labor-hours Actual usage of Materials 1,200 3,600 4,800 Management labor-hours Henry Jackson, the new controlier of United Manufacturing Company (UMC) believes that the company should uso the dual rate mothod of allocating overhead costs of its Materials Management Department to its Machining and Assembly Departments instead of the single rate method, which the company has used since its inception 20 years ago. Jackson's Matorials Management Department has an annual capacily of 6,000 labor-hours and a budgeted fixed cost of $240,000. The budgeted veriable cost per labor-hour of the Materials Manngement Department is $20. Jackson gathers the following information: (Cick the icon to view the information.) Read the requirements. Requirement 1, Using the single-rate method, allocate Matorials Management Department costs to the Machining and Assembly Departments in these three ways. Start with allocnting (a), then (b), and finally (c). (Round the budgeted rate per item to the nearest cent.) (a) Budgeted rate per item: Machining Assembly Total Using the single-rate method, allocate Materials Management Department costs to the Machining and Assembly Departments in these three ways: a. Calculate the budgeted rate based on the budgeted number of Materials Management Department labor-hours and allocate costs based on the budgeted use of Materials Management labor-hours in the Machining and Assembly Departments. b. Calculate the budgeted rate based on the budgeted number of Materials Management Department labor-hours and allocate costs based on actual usage. c. Calculate the budgeted rate based on the practical capacity of Materials Management Department labor-hours and allocate costs based on actual 1. usage. Using the dual-rate method, compute the amount allocated to the Machining and Assembly Departments when (a) the budgeted fixed-cost rate is calculated using budgeted fixed costs and practical capacity of the Materials Management Department, (b) fixed costs are allocated based on the budgeted fixed-cost rate and budgeted usage of Materials Management Department services by the Machining and Assembly Departments, and (c) variable costs are allocated using the budgeted variable-cost rate and actual 2. usage. 3. Comment on your results in requirements 1 and 2. Discuss the advantages of the dual-rate method. Data Table Machining Department Assembly Department Total Budgeted usage of Materials 1,250 3,750 5,000 Management labor-hours Actual usage of Materials 1,200 3,600 4,800 Management labor-hours Henry Jackson, the new controlier of United Manufacturing Company (UMC) believes that the company should uso the dual rate mothod of allocating overhead costs of its Materials Management Department to its Machining and Assembly Departments instead of the single rate method, which the company has used since its inception 20 years ago. Jackson's Matorials Management Department has an annual capacily of 6,000 labor-hours and a budgeted fixed cost of $240,000. The budgeted veriable cost per labor-hour of the Materials Manngement Department is $20. Jackson gathers the following information: (Cick the icon to view the information.) Read the requirements. Requirement 1, Using the single-rate method, allocate Matorials Management Department costs to the Machining and Assembly Departments in these three ways. Start with allocnting (a), then (b), and finally (c). (Round the budgeted rate per item to the nearest cent.) (a) Budgeted rate per item: Machining Assembly Total Using the single-rate method, allocate Materials Management Department costs to the Machining and Assembly Departments in these three ways: a. Calculate the budgeted rate based on the budgeted number of Materials Management Department labor-hours and allocate costs based on the budgeted use of Materials Management labor-hours in the Machining and Assembly Departments. b. Calculate the budgeted rate based on the budgeted number of Materials Management Department labor-hours and allocate costs based on actual usage. c. Calculate the budgeted rate based on the practical capacity of Materials Management Department labor-hours and allocate costs based on actual 1. usage. Using the dual-rate method, compute the amount allocated to the Machining and Assembly Departments when (a) the budgeted fixed-cost rate is calculated using budgeted fixed costs and practical capacity of the Materials Management Department, (b) fixed costs are allocated based on the budgeted fixed-cost rate and budgeted usage of Materials Management Department services by the Machining and Assembly Departments, and (c) variable costs are allocated using the budgeted variable-cost rate and actual 2. usage. 3. Comment on your results in requirements 1 and 2. Discuss the advantages of the dual-rate method. Data Table Machining Department Assembly Department Total Budgeted usage of Materials 1,250 3,750 5,000 Management labor-hours Actual usage of Materials 1,200 3,600 4,800 Management labor-hours Henry Jackson, the new controlier of United Manufacturing Company (UMC) believes that the company should uso the dual rate mothod of allocating overhead costs of its Materials Management Department to its Machining and Assembly Departments instead of the single rate method, which the company has used since its inception 20 years ago. Jackson's Matorials Management Department has an annual capacily of 6,000 labor-hours and a budgeted fixed cost of $240,000. The budgeted veriable cost per labor-hour of the Materials Manngement Department is $20. Jackson gathers the following information: (Cick the icon to view the information.) Read the requirements. Requirement 1, Using the single-rate method, allocate Matorials Management Department costs to the Machining and Assembly Departments in these three ways. Start with allocnting (a), then (b), and finally (c). (Round the budgeted rate per item to the nearest cent.) (a) Budgeted rate per item: Machining Assembly Total Using the single-rate method, allocate Materials Management Department costs to the Machining and Assembly Departments in these three ways: a. Calculate the budgeted rate based on the budgeted number of Materials Management Department labor-hours and allocate costs based on the budgeted use of Materials Management labor-hours in the Machining and Assembly Departments. b. Calculate the budgeted rate based on the budgeted number of Materials Management Department labor-hours and allocate costs based on actual usage. c. Calculate the budgeted rate based on the practical capacity of Materials Management Department labor-hours and allocate costs based on actual 1. usage. Using the dual-rate method, compute the amount allocated to the Machining and Assembly Departments when (a) the budgeted fixed-cost rate is calculated using budgeted fixed costs and practical capacity of the Materials Management Department, (b) fixed costs are allocated based on the budgeted fixed-cost rate and budgeted usage of Materials Management Department services by the Machining and Assembly Departments, and (c) variable costs are allocated using the budgeted variable-cost rate and actual 2. usage. 3. Comment on your results in requirements 1 and 2. Discuss the advantages of the dual-rate method. Data Table Machining Department Assembly Department Total Budgeted usage of Materials 1,250 3,750 5,000 Management labor-hours Actual usage of Materials 1,200 3,600 4,800 Management labor-hours Henry Jackson, the new controlier of United Manufacturing Company (UMC) believes that the company should uso the dual rate mothod of allocating overhead costs of its Materials Management Department to its Machining and Assembly Departments instead of the single rate method, which the company has used since its inception 20 years ago. Jackson's Matorials Management Department has an annual capacily of 6,000 labor-hours and a budgeted fixed cost of $240,000. The budgeted veriable cost per labor-hour of the Materials Manngement Department is $20. Jackson gathers the following information: (Cick the icon to view the information.) Read the requirements. Requirement 1, Using the single-rate method, allocate Matorials Management Department costs to the Machining and Assembly Departments in these three ways. Start with allocnting (a), then (b), and finally (c). (Round the budgeted rate per item to the nearest cent.) (a) Budgeted rate per item: Machining Assembly Total Using the single-rate method, allocate Materials Management Department costs to the Machining and Assembly Departments in these three ways: a. Calculate the budgeted rate based on the budgeted number of Materials Management Department labor-hours and allocate costs based on the budgeted use of Materials Management labor-hours in the Machining and Assembly Departments. b. Calculate the budgeted rate based on the budgeted number of Materials Management Department labor-hours and allocate costs based on actual usage. c. Calculate the budgeted rate based on the practical capacity of Materials Management Department labor-hours and allocate costs based on actual 1. usage. Using the dual-rate method, compute the amount allocated to the Machining and Assembly Departments when (a) the budgeted fixed-cost rate is calculated using budgeted fixed costs and practical capacity of the Materials Management Department, (b) fixed costs are allocated based on the budgeted fixed-cost rate and budgeted usage of Materials Management Department services by the Machining and Assembly Departments, and (c) variable costs are allocated using the budgeted variable-cost rate and actual 2. usage. 3. Comment on your results in requirements 1 and 2. Discuss the advantages of the dual-rate method. Data Table Machining Department Assembly Department Total Budgeted usage of Materials 1,250 3,750 5,000 Management labor-hours Actual usage of Materials 1,200 3,600 4,800 Management labor-hours