Joy Enterprises OYE) uses a job-costing system that requires the annual calculation of predetermined rates for its manufacturing overhead costs. Most jobs completed by DCE involve production activities in two departments, Machining and Assembly. Selected budgeted and actual data for 2016 are presented below as well as cost data for a particular job, #K-326, that was started and completed during 2016 Machining $400,000 $385,000 6,600 50,000 7,150 51,500 Assembly $300,000 5312,000 25,000 5,000 26,200 5,200 Budgeted manufacturing overhead Actual manufacturing overhead Budgeted direct labor hours Budgeted machine hours ACTUAL direct labor hours ACTUAL machine hours Job K-326 Direct materials cost $12,875 Direct labor cost: Machining (14 hrs@ $20 per hour) $280 Assembly (60 hours @$24 per hour) Machine hours used: $1,440 Machining Assembly Number of units in job K-326 1,150 hrs 35 hrs 220 units Assume production departments. In Machining the allocation base for manufacturing overhead in machine hours; in Assembly, the allocation base for manufacturing overhead is direct labor hours. that JYE calculates departmental manufacturing overhead rates in each of its two Using the information above, answer questions 1 -3 on the next page 7