JJ The Fasano Company uses a job-costing system at its over Delaware plant The plant has a machining department and a finishing department Fanano se nommal costing with two direct-cost categories direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department with machine-hours as the allocation base and the finishing department with direct manufacturing labor costs as the location base) The 2017 budget for the plants as follows Click the icon to view the 2017 budget) Manufacturing overhead costs Direct manufacturing labor costs Direct manufacturing labor-hours Machine hours Machining Department 9.065.000 960 000 30,000 185 000 Finishing Department 644000 $ 3,900,000 150 000 Point Done View ts 1. Identify the components of the overview diagram of Fasano'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 $ 15,500 $ 2,500 Direct manufacturing labor costs $ 800 $ 1.100 Direct manufacturing labor hours Machine-hours 160 Compute the total manufacturing overhead cost allocated to Job 431 4. Assuming that Job 431 consisted of 100 units of product, what is the cost per unit? 5. Amounts at the end of 2017 are as follows: Machining Department Finishing Department Manufacturing overhead incurred $ 11,610,000 $9,116,000 Direct manufacturing labor costs $ 1,010,000 $ 4,600,000 Machine hours 240.000 31.000 Compute the under or overallocated manufacturing overhead for each department and for the Dover plant as a whole 6. Why might Fasano use two different manufacturing overhead cost pools in its job costing system? E Print Done Answer Requirement 2. What is the budgeted manufacturing overhead rate in the machining department? In the finishing department? Determine the formula, then compute the budgeted overhead rates for the machining department and finishing department Machining Finishing Choose from any list or enter any number in the input fields and then click Check