mylab.pearson.com Ej What is Descriptive.. P Do Homework - Ch. C Budgeted manufact.. C Data Table Budgete Descriptive Analytic... MInbox (4,364) - ap1... Chapter 4 Homework Aleksa Pljakic ing Spring 2023 $10 Question 5, E4-23 (similar to) HW Score: 85.56%, 31.66 of 37 points Save 4 Homework Part 8 of 12 Points: 1.27 of 3 Anderson Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one indirect-cost pool (assembly support) K Direct labor-hours is the allocation base for assembly support costs. In December 2019, Anderson budgets 2020 assembly-support costs to be $8,200,000 and 2020 direct labor-hours to be 205,000. At the end of 2020, Anderson is comparing the costs of several jobs that were started and completed in 2020. (Click the icon to view the data.) Read the requirements. Identify the formula to calculate the budgeted indirect cost rate and then calculate the rate. Budgeted indirect costs Budgeted direct labor hours Budgeted indirect cost rate $ 8,200,000 205,000 $ 40 per DLH Identify the formula to calculate the actual indirect cost rate and then calculate the rate. Actual indirect costs Actual direct labor hours Actual indirect cost rate $ 6,642,000 162,000 41 per DLH These rates differ because both the cost and hour amounts in the two calculations are different Requirement 2. What are the job costs of the Laguna Model and the Mission Model using (a) normal costing and (b) actual costing? (a) Identify the formula to calculate the indirect costs under normal costing and then calculate the indirect costs for each model. (Normal costing) Budgeted indirect cost rate X Actual direct labor hours Indirect costs Laguna 40 per DLH 990 $ 39,600 EA EA Mission 40 per DLH 1,050 = $ 42,000 text pages Get more help - Clear all Check answer 21,255 FEB 13 zoom O WQuestion 5, E4-23 (similar to) HW Score: 85.56%, 31.66 of 37 points Part 8 of 12 Points: 1.27 of 3 Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one ind por-hours is the allocation base for assembly support costs. In December 2019, Anderson budgets 2020 assembly-support costs to be $8,200,000 and At the end of 2020, Anderson is comparing the costs of several jobs that were started and completed in 2020 k the icon to v requirements X Data table Laguna Model Mission Model the formula to Construction period Feb-June 2020 May-Oct 2020 Budgeted in Direct materials costs 106,250 $ 127,450 8,20 Direct labor costs 36,276 $ 41,650 the formula to Direct labor-hours 990 1,050 Actual indi Direct materials and direct labor are paid for on a contract basis. The costs of each are known when direct materials are used or when direct labor-hours are worked. 6,641 The 2020 actual assembly-support costs were $6,642,000, and the actual direct labor-hours were 162,000. rates differ beca sting? ement 2. What ntify the formula Print Done al costing) $ 42,000 ion $ 40 per DLH X 1,050 =Requirement 2. What are the job costs of the Laguna Model and the Mission Model using (a) notmal costing a (a) Identify the formula to calculate the indirect costs under normal costing and then calculate the indirect costs (Normal costing) Budgeted indirect cost rate X Actual direct labor hours Indire Laguna EA 40 per DLH X 990 EA 3 Mission 40 per DLH x 1,050 Now calculate the total costs using normal costing for each model. Laguna Mission Normal costing model model Total costs text pages Get more help - 21,255 FEB tv 13 MacBook Air