Paste dili a A B Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check to xv fx D E F G C H A Problem #2: Normal Costing ina lob Shop The Williams Company is a job shop specializing in the manufacture of high quality machined brass products. The company uses a normal costing system. They make pumps, valves, and flow controllers in two departments: machining and assembly. The accounting system uses two direct cost categories: DM and DL. Indirect costs are accumulated in each department as manufacturing overhead. In the machining department, indirect costs are allocated to jobs on the basis of machine hours. In the assembly department, the cost driver is DL dollars. Data about the current year is presented below budget machining assembly machining assembly DM $11,275,000 $500,100 $12,860,000 $490,200 0 DL $970,000 $4,323,000 $1,065,000 $4,370,000 1 manufacturing overhead $10,660,000 $5,490,000 $13,250,000 $5,540,000 2 machine hours 205,400 31,300 250,200 29,600 3 35 During the month of January, the cost record for job 431, a leading customer for the Williams Company, shows the following 16 17 machining assembly DM $16,150 $1,100 19 DE $890 $3.850 machine hours 150 20 21 22 (1) Calculate the total manufacturing cost for the Vortec ob 12 points) machining assembly DM 516,150 $1.100 DL 25 $890 $3.850 Problem PS Callbri 10 18 Wrap Text Merge & Center Paste B I a. Av Office Update To keep up-to-date with security updates, foxes, and improvements, choose Check for Updates xfx 17 A C D E F G H DL 5490 $3,250 25 $8.234 manufacturing overhead (applied or allocated $3,743 26 points total manufacturing cost $25,274 $8,693 27 28 29 31 (2) Calculate the over or under applied oH for machining and assembly for the current year. 14 points) 33 machine assembly points 34 OH applied $1 235.00 $74,865 35 OH incurred Over or Under applied OH 36 37 20 (3) Provide the joumal entry for over/under applied OH in machining, 12 points) 39 point 40 41 42 43 141 Provide the journal entry for over/under applied or in assembly (2 points) 44 points 46 43 total points problem 2 Problem #1 Problem w2 Problem 3 + Ready Ma