K C a elearning.kbs.edu.au/pluginfile.php/1369344/mod_resource/content/2/ACCM4100_T1_2023_Assessment_02%20Case%20Study%20Detail%200.. . . . E ACCM4100_T2_2022_Assessment_01 2 / 5 99% + Assessment Details Part A: Nylle Ltd uses a job-costing system at its Melbourne furniture plant. The plant has a Machining Department and an Assembly Department. Its job-costing system has two direct cost categories (direct materials and direct manufacturing labour) and two manufacturing overhead cost pools (the Machining Department overhead, allocated to jobs based on actual machine-hours, and the Assembly Department overhead, allocated to jobs based on actual direct manufacturing labour costs). The 2023 budget for the plant is: Machining Assembly 2 BUDGET Department Department Annual Manufacturing overhead $1,350,000.00 $ 2,250,000.00 Direct manufacturing labour costs $1,050,000.00 $ 1,875,000.00 Direct manufacturing labour-hours 90,000.00 150,000.00 Machine-hours 45,000.00 175,000.00 Required: 1 Calculate the budgeted manufacturing overhead rate for each department. [2 marks] 2 During February, the job-cost record for Job 549 contained the following: 3 ACTUAL COSTS Job 549 Machining Assembly Department Department Direct materials used $ 45,000.00 60,000.00 K Direct manufacturing labour costs 15,000.00 EA 15,000.00 Direct manufacturing labour-hours 750.00 7,500.00 Machine-hours 1,500.00 9,000.00 Calculate- a) the total manufacturing overhead costs allocated to Job 549 [2 marks] b) the total of all costs from each department relating to Job 549 [2 marks] c) the total costs for job 549. [2 marks]K C a elearning.kbs.edu.au/pluginfile.php/1369344/mod_resource/content/2/ACCM4100_T1_2023_Assessment_02%20Case%20Study%20Detail%200.. Q E . . . E ACCM4100_T2_2022_Assessment_01 2 / 5 99% + ACTUAL COSTS Job 549 Machining Assembly Department Department Direct materials used $ 45,000.00 60,000.00 Direct manufacturing labour costs $ 15,000.00 $ 15,000.00 Direct manufacturing labour-hours 750.00 7,500.00 Machine-hours 1,500.00 9,000.00 Calculate- a) the total manufacturing overhead costs allocated to Job 549 [2 marks] 2 b) the total of all costs from each department relating to Job 549 [2 marks] c) the total costs for job 549. [2 marks] 3 At the end of 2023, calculate the over- or under-allocated manufacturing overhead for each department and explain possible causes for the over- or underallocations. [2 + 5 marks] 4 If the actual costs for 2023 were as listed below, a) calculate the Actual Manufacturing Overhead rate for each department. [2 marks] b) use the actual rates to re-allocate for all costs related to Job 549. [3 marks] Machining Assembly 3 ACTUAL 2023 COSTS Department Department Annual Manufacturing overhead $1,500,000.00 $ 2,400,000.00 K Direct manufacturing labour costs $1,200,000.00 $ 1,950,000.00 Direct manufacturing labour-hours 105,000.00 170,000.00 Machine-hours 50,000.00 185,000.00 5 With reference to Q4., explain why a normal costing system might be used for this company rather than an actual costing system. [5 marks] #### Format of calculations [5 marks]