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please answer the question Mixed Wood Limited has three departments - Wood Turning, Moulding and Collection. The company uses a job-order costing system. The Wood

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Mixed Wood Limited has three departments - Wood Turning, Moulding and Collection. The company uses a job-order costing system. The Wood Turning bases its overhead on direct wood turning machine hours; the Moulding Department bases its overhead rate on direct mould machine- hours; and the Collection Department bases its rate on direct-labour hours. At the beginning of the year, the company made the following estimates: Department Wood Moulding Collection Turning 6,800 4,500 120,000 Direct labour- hours Direct Wood Turning Machine- hours 94,000 20 150 Direct Mould Machine- hours 1,000 120,000 300 Total fixed manufacturing$2,550,000$1,205,000 $4,330,000 overhead cost Variable manufacturing overhead per $4.25 $4.25 $4.25 wood turning machine-hour Variable manufacturing overhead per $7.75 $7.75 $7.75 mould machine-hour Variable manufacturing overhead per $1.50 $1.50 $1.50 direct labour- hour Following is the job cost sheet for Job 907, which was started and completed during the year: Department Wood Moulding Collection Turning Direct wood turning machine- hours 12,125 2 4 Direct mould machine- hours 2 11,010 6 Direct labour hours 89 65 19, 100 Materials $21,002 $11,445 $1,090 requisitioned Direct labour $2,650 $4,874 $18,900 costs Required: 1) Compute the predetermined overhead rate based on a department overhead rate. (Hint: Ensure work out overhead rate for both departments). 2) Compute the total manufacturing cost assigned to Job 907 based on department overhead rate calculated in Requirement 1

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