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Instead of doing 4 and 5, I only need this question to be answered => Provide the description and values that would be on the
Instead of doing 4 and 5, I only need this question to be answered => Provide the description and values that would be on the job cost record for Job 431 from the Finishing Department?
4-36 Job cesting, accounting for manufacturing overhead, budgeted rates. The Solomon Company Problems jeten uses a job-costing system at its Dover, Delaware, plant. The plant has a machining department and finishing department. Solomon uses normal costing with two direct cost categorias (direct materials and machine-hours as the allocation base and the finishing department with direct manufacturing labar com as the allocation base). The 2017 budget for the plant is as follows: Machining Department Finishing Departmen Manufacturing overhead costs $10,660,000 $8,000,000 Direct manufacturing labor costs $ 970,000 $4,000,000 Direct manufacturing labor-hours 26,000 160,000 Machine-hours 205,000 31.000 1. Prepare an overview diagram of Solomon's job-costing system. 2. What is the budgeted manufacturing overhead rate in the machining department? In the finishing department? 3. During the month of January, the job-cost record for Job 431 shows the following: Machining Department Finishing Department Direct materials used $16,150 $3,000 Direct manufacturing labor costs $ 350 $1,300 Direct manufacturing labor-hours 30 Machine-hours 150 20 Compute the total manufacturing overhead cost allocated to Job 431. 4. Assuming that Job 431 consisted of 400 units of product, what is the cost per unit? 5. Amounts at the end of 2017 are as follows: 50Step by Step Solution
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