Machining Assembly Department Department $4,000,000 $3,024,000 4,270,000 3,040,000 Budgeted manufacturing overhead Actual manufacturing overhead Budgeted direct labor cost (based on practical capacity) Actual direct-labor cost Budgeted machine hours (based on practical capacity) Actual machine hours 1,500,000 1,450,000 5,600,000 5.780,000 400,000 425.000 100,000 110,000 The data that follow pertain to job no 775, the only job in production at year-end. Machining Assembly Department Department Direct material $25,500 $ 6,700 Direct labor $27,700 $58,700 Machine hours 370 150 Selling and administrative expense amounted to $2,500,000 Required: 1. Assuming the use of normal costing, determine the predetermined overhead rates used in the Machining Department and th Assembly Department Machining department Assembly department Predetermined overhead rate per machine hour % of direct labor cost 2017 The following information applies to the questions Garcia, Inc, Uses a job-order costing system for its products, which pass from the Machining Department to the Assembly Department to finished goods inventory. The Machining Department is heavily automated, in contrast, the Assembly Department performs a number of manual-assembly activities. The company applies manufacturing overhead using machine hours in the Machining Department and direct labor cost in the Assembly Department. The following information relates to the year just ended: Machining Assembly Department Department Budgeted manufacturing overhead 54,000,000 $3,024,000 Actual manufacturing overhead 4,270.000 3,040,000 Budgeted direct labor cost (based on practical capacity 1,500,000 5.600.000 Actual direct labor cost 1,450.000 5,780.000 Budgeted machine hours (based on practical capacity 400,000 100,000 Actual machine hours 425.000 110,000 014127 The data that follow pertain to job no775, the only job in production at year end Machining Assembly Department Department Direct saterial 525,500 56,700 Direct labor $27,00 558,700 Machine hours 320 15 ferences Selling and administrative expense amounted to $2.500.000 2. Compute the cost of the company's year-end work in process inventory Total cost 1,000,000 4,270,000 33,02,00 3,840,000 Duuseumu LLU verreu Actual manufacturing overhead Budgeted direct-labor cost (based on practical capacity) Actual direct labor cost Budgeted machine hours (based on practical capacity) Actual machine hours 1,500,000 1,450,000 5,600,000 5,780,000 400,000 425,000 1 , 110,000 The data that follow pertain to job no 775, the only job in production at year-end, Direct material Direct labor Machine hours Machining Assembly Department Department $25,500 $ 6,700 $27,700 $58,700 370 15e Selling and administrative expense amounted to $2,500,000 4. Determine whether overhead was under or overapplied during the year in the Assembly Department. Overapplied overhead [The following information applies to the questions displayed below.) Garcia, Inc., uses a job-order costing system for its products, which pass from the Machining Department, to Assembly Department, to finished-goods inventory. The Machining Department is heavily automated; in cont Assembly Department performs a number of manual-assembly activities. The company applies manufacturin overhead using machine hours in the Machining Department and direct-labor cost in the Assembly Departm following information relates to the year just ended: Machining Assembly Department Department Budgeted manufacturing overhead $4,000,000 $3,024,000 Actual manufacturing overhead 4,270,000 3,040,000 Budgeted direct-labor cost (based on practical capacity) 1,500,000 5,600,000 Actual direct-labor cost 1,450,000 5,780,000 Budgeted machine hours (based on practical capacity) 400,000 1 100,000 Actual machine hours 425,000 110,000 The data that follow pertain to job no. 775, the only job in production at year-end. Direct material Direct labor Machine hours Machining Assembly Department Department $25,500 $ 6,700 $27,700 $58,700 370 150 Selling and administrative expense amounted to $2,500,000 6. How much overhead would have been charged to the company's Work-in-process account during the year? Overhead charged to Work in Process account