Part II - Job Costing Use the information below to answer the following questions: County Lawn and Garden Company is a manufacture of lawn and garden equipment: Budgeted and Actual for 2017 Budgeted variable factory overhead (Budgeted fixed factory overhead (Actual variable factory overhead (Actual fixed factory overhead Budgeted direct labor hours Budgeted direct labor dollars - Budgeted machine hours (Actual direct labor hours Actual direct labor dollars LActual machine hours Direct materials used $ 44,000 $31.000 $ 45,000 $ 35,000 20,000 $100,000 40,000 21,000 $110,400 37,460 $300,000 1. The budgeted overhead rate for year 2017, based on direct labor dollars is: a. 31% b. 68% Rud 44% de directloor 20K d. 75% direct Leberdo took 2. The actual manufacturing costs, for year 2017 is: a. $493,200 Asachine how 40k b. $457,800 c. $498,720 d. $490,400 Actu 21k 1104 00 37460 . Factory overlod 75k 3. The over or under allocated using budgeted costing, based on direct labor dollars is: a. $5,000 under allocated b. $2,800 over allocated c. $5,000 over allocated d. $2,800 under allocated 4. The net income for year 2017, before the over and under allocated adjustment, is: a. under stated by $5,000 b. over stated be $2,800 c. over stated by $5,000 d. under stated by $2,800 5. Using budgeted costing, if job 100 used 1,676 direct labor hours, the overhead applied using direct labor hours, is: a. $6,285 b. $5,986 c. $6,704 d. $6,385 During the year 2014, the job cost record #200 contained the following information: Direct materials used Direct labor cost used $25,425 $17,472 6. The total manufacturing cost of job 200, using direct labor costs ($17,472), under budgeted costing, is: a. $51,675 b. $54,778 c. $55,564 d. $56,001