manufacturing labour costs$).$ The yearly budget for the plant is as follows:

$($Click the icon to view the budgeted data.$)$

Required

Identify the components of the overview diagram of Luke's job$-$costing system. Compute the budgeted manufacturing overhead rate for each department.

During February, the job$-$cost record for Job $494$ contained the following:

$\backslash$table$[[,$Machining Department,Assembly Department,$],[$Direct material used,$$,49,000$$$,78,000],[$Direct manufacturing labour costs,$$,12,000$$$,14,000],[$Direct manufacturing labour$-$hours,$1,500,1,600,],[$Machine$-$hours,$2,800,1,100,]]$

Compute the total manufacturing overhead costs allocated to Job $494.$

$3.$ At the end of the year, the actual manufacturing overhead costs were $$2,300,000$ in machining and $$4,100,000$ in assembly. Assume that $55,000$ actual machine$-$hours were used in machining and that actual direct manufacturing labour costs in assembly were $$2,300,000.$ Compute the over$-$or underallocated manufacturing overhead for each department department.

Budgeted data

$\backslash$table$[[,$Machining Department,Assembly Department$],[$Manufacturing overhead,$$,2,200,000$$$,4,000,000$