Percival Products manufactures is products in two separate departments: Machining and Assembly. Total manufacturing overhead casts for the year are budgeted at $1,100,000. Of this amount, the Machining Department incurs $390,000 (primary for machine operation and depreciation while the AGSRMy Department Incurs $420,000. The company estimates that I will incur 10.000 machine hours (All in the Machining Department) and 23.000 direct bar hours 18 000 in the Machining Department and 14,000 in the Assembly Department during the year Click the icon to view the additional information.) Read ements Data table Requirement 1. Compute the company's current partaide overhead race Round your answer to the nearesi dolar) Baginyamining the formula then camout the rate Total merufacturing overed real direct labor hours Planwide overhead robe per DL hour Forelval Products currently uses a plantwide overhead rate based on drece labor hours to allocate averticed. However, the company is considering retning its overhead allocation system by using departmental werhead rata. The Machining Department would allocate's wered using machine hours (MH), but the Assembly Department would allocale is overhead using direct labor(DL) hours. The following chart shows the machine hours (MH) and direct labor DL Fou's incurred by Jobs 500 and 501 in cech production department Machining Assembly Department Department Job 500 7 MH 12 DL hours 5 DL hours Job 501 14 MH 12 DL hours 5 DL hours Both Jobs 50 and 51 scd $1,200 of Cirect materials Wages and benchis total $20 per direct labor hour. Percival Products price is products at 110% of total manuaching costs. Requirement 2. Comoute refred departmental overhead ranes Determining the formuka, then compute the rates. (Round your answers to the recrest dollar. - Departmental overhead rate per mach hour Machining Assembly per ni hour Requirement 3. Which ob Jabsco or Jab 501) uses more of the company's resources? Explain. X Job 501 Les more of the many a recurs Requirements the other. Job 501 uses more machine hours than the other job. The accounting system should show that one job actually Requirement 4. Compute the total amount of overhead allocated to each jab if the company was its current planiwide averted rate Job 500 Job 501 Total direct labor hours x Plantada allocation rate Overhead slowon 1. Compule the currparty's current planwide overhead rate 2. Computertind departmental averticed rates. 3. Whichjob (Jos 500 or 100 501) 488 more of the company's reeduca? Explain 4. Compute the total amount of overhead allocated to each job if the company uses its current plantwide averteed rate 5. Compute the local amount of overhead allocated to each job if the company was departmental overhead rates 6. Do both alocation systems accurately refect the resources that cach c uscd? Explain. 7. Compute the local manufacturing cost and sales price of each job using the company's current plantalde overhand 8. Based on the current plan wide) alocation system, or much profil did the company tok it eamed an cach jab? Based on the departmental overhead rates and the sales prise determined in Requirement 7. how much pratit did it really carncroach job? 9. Curpare and comment on the results you oblained in Requirements 7 and 8. Requirement 5. Compule the total amount of owerhesd allocated to each job if the comper wees departmental wwerhead rales. Jab 500 Jab 501 Overhead Allocation - Machining Department Overhead allocation. Assembly Department Total overhead allon Print Done Pese andre bedde in der Wings Acely I dexleri yurd $1,00. Cerret, the Wing DEN SKALL Corty lock) while the ceny Deprint - $121. Terry new tale wilinu 10,00 rrachine her in the Machining Department and 22000 director hours ago in the Machining Departmenrand 14.000 in the Agent Department during the year. Click the foon to view the ord Lional information. Rate The ARTI Tocal overhead allocation Requiremen. De wholti in care acusach job? Explain. It argje pisehaute couture male and res les marec s tech :. The toplanai un mare che land in the matter how: The Amer" Und Requirement 7. Completion during 2 di prende ng they'rent porter Reuns encombe In It orderber ESSENCH W mer Job 500 | Le" dw Die woor Wing Cod lol Narcip for pricing is Sales prie Requirement 8. Eused on le cu plaida doctoralhow much to che company inil comed? Calcule the gross profing the currelloosing space Joh 500 Joh 1 11 Se price Luas Tamang Les relle Baked on the department was raras and the sale de damned in Ramon how much dort dista company may as an ach job? Darth me pretty that is raining a part mer! Job 500 Job 501 Sales price Leas: Total manouing cooks: Cirect materials Director Manufacturing ccthod Gospel Requirement.Commandant meet you can 7 and What is bestion the PHC tad je pychain Whentizing a retired costing method Ferdal real bestial Job 501 is proak bu..o 500 shows a loss Time Remaining: 2.2008 Next