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Job costing, accounting for manufacturing overhead, budgeted rates. Ashoka Company has two departments, Assembly and Machining. Overhead is applied based on direct labor cost in

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Job costing, accounting for manufacturing overhead, budgeted rates. Ashoka Company has two departments, Assembly and Machining. Overhead is applied based on direct labor cost in the Assembly Department and on machine-hours in the Machining Departmient. The following additional information is available Machining Department Assembly Department $200,000 Budgeted amounts for 2017 Direct labor cost Manufacturing overhead cost Machine hours (MH) $165,000 $180,000 30,000 MH $300,000 Assembly Department | Machining Department Actual data for Job #10 Direct materials used Direct labor cost $10,000 $11,000 $16,000 $14,000 3,000 MH Machine hours (MH Machining Department Actual amounts for 2017 Direct labor cost Manufacturing overhead cost Machine hours (MH) Assembly Department $225,000 $295,000150,000 $195,000 50,000 MH 32,000 MH Required: a. Compute the budgeted manufacturing overhead rate for the Assembly Department. b. Compute the budgeted manufacturing overhead rate for the Machining Department. c, what is the total overhead cost of Job #10? d. If Job 10 consists of 50 units of product, what is the unit cost of this job? e. Compute the under- or overallocated manufacturing overhead for the Assembly Department for the year 2017. Compute the under-or overallocated manufacturing overhead for the Machining Department for the year 2017. Compute the under- or overallocated manufacturing overhead for Ashoka Company for the year 2017. f. g

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