need 5

need 2-5

Jomon Company department and Problems 4-36 Job costing, accounting for manufacturing overhead, budgeted rates. The Solomon Cal uses a job-costing system at its Dover, Delaware, plant. The plant has a machining department finishing department. Solomon uses normal costing with two direct-cost categories (direct materiale direct manufacturing labor) and two manufacturing overhead cost pools (the machining department machine-hours as the allocation base and the finishing department with direct manufacturing labor as the allocation base). The 2017 budget for the plant is as follows: LOS Manufacturing overhead costs Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Machining Department $10,660,000 $ 970,000 26,000 205,000 Finishing Department $8,000,000 $4,000,000 160,000 31,000 1. Prepare an overview diagram of Solomon's job-costing system. 2. What is the budgeted manufacturing overhead rate in the machining department? In the finishing department? 3. During the month of January, the job-cost record for Job 431 shows the following: Machining Department $16,150 $ 350 Finishing Department $3,000 $1,300 Direct materials used Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours 150 20 Compute the total manufacturing overhead cost allocated to Job 431. 4. Assuming that Job 431 consisted of 400 units of product, what is the cost per unit? 5. Amounts at the end of 2017 are as follows: Manufacturing overhead incurred Direct manufacturing labor costs Machine-hours Machining Department $13,250,000 $ 1,000,000 250,000 Finishing Department $8,400,000 $4,300,000 30,000 Compute the under-or overallocated manufacturing overhead for each department and for the Dover plant as a whole. 6. Why might Solomon use two different manufacturing overhead cost pools in its job-costing system