on actual direct manufacturing labour$-$hours using a budgeted direct manufacturing labour$-$hour rate. The following data are for the year:

$($Click the icon to view the data for the year.$)$

Required

Requirement $1.$ Compute the budgeted overhead rates for the year in the Machining and Assembly Departments. $($Round your answers to the nearest whole dollar.$)$

The budgeted overhead rate for the year in the Machining Department is $$73.$

The budgeted overhead rate for the year in the Assembly Department is $$55.$

Cost of Goods Sold, Finished Goods, and Work$-$in$-$Process; and c$.$ proration based on the allocated overhead amount $($before proration$)$ in the ending balances of Cost of Goods Sold, Finished Goods, and Work$-$in$-$Process.

We will begin with a$.$ immediate write$-$off to Cost of Goods Sold.

$]-$

Overallocation or

$-L$

$=$

underallocation

$=$on actual direct manufacturing labour$-$hours using a budgeted direct manufacturing labour$-$hour rate. The following data are for the year:

$($Click the icon to view the data for the year.$)$

Required

Requirement $1.$ Compute the budgeted overhead rates for the year in the Machining and Assembly Departments. $($Round your answers to the nearest whole dollar.$)$

The budgeted overhead rate for the year in the Machining Department is $$73.$

The budgeted overhead rate for the year in the Assembly Department is $$55.$

Cost of Goods Sold, Finished Goods, and Work$-$in$-$Process; and c$.$ proration based on the allocated overhead amount $($before proration$)$ in the ending balances of Cost of Goods Sold, Finished Goods, and Work$-$in$-$Process.

We will begin with a$.$ immediate write$-$off to Cost of Goods Sold.

$]-$

Overallocation or

$-L$

$=$

underallocation

$=$Data for the year

$\backslash$table$[[,,\backslash$table$[[$Machining$],[$Department$]],\backslash$table$[[$Assembly$],[$Department$]]],[$Budgeted overhead,$$,5,100,000,6,824,000],[$Budgeted machine$-$hours $($MH$),,70,000,0],[$Budgeted direct manufacturing labour$-$hours $($DMLH$),0,124,000],[$Actual manufacturing overhead costs,$$,4,950,000,7,074,000],[\backslash$table$[[$Machine$-$hours and direct manufacturing labour$-$hours and the ending balances $($before proration of$],[$underallocated overhead$)$ are as follows:$]]],[,,$Actual Direct,Balance Before$],[,\backslash$table$[[$Actual Machine$-]],$Manufacturing,Proration,$],[,$Hours,Labour$-$Hours,End of Year$],[$Cost of Goods Sold,$60,000,79,200,$$$,21,200,000],[$Finished Goods,$18,000,7,000,2,100,000],[$Work$-$in$-$Process,$15,700,32,500,7,000,000]]$