ng Spring 2023 $10 Aleksa Pljakic Homework Question 6, E4-25 (similar to) HW Score: 65.95%, 24.4 of 37 points Part 7 of 7 Points: 2.4 of 3 Save K The Lulu Company uses a normal job-costing system at its Minneapolis 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 labor) and two manufacturing overhead cost pools (the machining department overhead, allocated to jobs based on actual machine-hours, the assembly department overhead, allocated to jobs based on actual direct manufacturing labor costs). The 2020 budget for the plant is as follows: (Click the icon to view the budget data.) Read the requirements. Enter the formula to calculate the manufacturing overhead to allocate to a job. Actual cost allocation base Budgeted overhead rate MOH allocated to job Compute the total manufacturing overhead costs allocated to Job 494. (do not round intermediary calculations.) MOH allocated to job Machining overhead 60,000 34,200 Assembly overhead 94,200 Total manufacturing costs allocated to job 494 Requirement 3. At the end of 2020, the actual manufacturing overhead costs were $1,800,000 in machining and $4, 100,000 in assembly. Assume that 45,000 actual machine-hours were used machining and that actual direct manufacturing labor costs in assembly were $2,200,000. Compute the over- or underallocated manufacturing overhead for each department. Enter the formula and compute the over- or underallocated manufacturing overhead for the year for each department. (Use parentheses or a minus sign to report manufacturing overhead overallocated. Abbreviations used: manuf. = manufacturing.) Actual manuf. overhead Allocated manuf. overhead = Underallocated (Overallocated) Machining Assembly Clear all Check answ xt pages Get more help - FEB zoom 12 4 P- W P & Xy uses a normal job-costing system at its Minneapolis plant. The plant has a machining department and an assembly dep materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department overhe artment overhead, allocated to jobs based on actual direct manufacturing labor costs). The 2020 budget for the plant is a n to view the budget data.) nents - X Data table Machining Department Assembly Department Manufacturing overhead 1,200,000 $ 3,800,000 EA EA Direct manufacturing labor costs 1,500,000 $ 2,000,000 Direct manufacturing labor-hours 110,000 260,000 Machine-hours 40,000 260,000 Print Done Actual manuf. overhead Allocated manuf. overhead = Underallocated (Overallocated)rk Question 6, E4-25 (similar to) HW Score: 65.95%, 24.4 of Part 7 of 7 Points: 2.4 of 3 ulu Company uses a normal job-costing system at its Minneapolis plant. The plant has a machining department and an assembly department. ories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department overhead, alloc Requirements X 1. Identify the components of the overview diagram of Lulu's job-costing system. Compute the budgeted manufacturing overhead rate for each department. 2. During February, the job-cost record for Job 494 contained the following: Machining Department Assembly Department Direct materials used 48,000 $ 74,000 Direct manufacturing labor costs EA 17,000 $ 18,000 Direct manufacturing labor-hours 1,700 1,800 Machine-hours 2,000 1,400 Compute the total manufacturing overhead costs allocated to Job 494. 3. At the end of 2020, the actual manufacturing overhead costs were $1,800,000 in machining and $4, 100,000 in assembly. Assume that 45,000 actual machine-hours were used in machining and that actual direct manufacturing labor costs in assembly were $2,200,000. Compute the over- or underallocated manufacturing overhead for each department. Print Done embly