please complete requirements 4-9
Requirements 2. Compute refined departmental overhead rates. 3. Which job (Job 500 or Job 501) uses more of the company's resources? Explain. 4. Compute the total amount of overhead allocated to each job if the company uses its current plantwide overhead rate. 5. Compute the total amount of overhead allocated to each job if the company uses departmental overhead rates. 6. Do both allocation systems accurately reflect the resources that each job used? Explain. 7. Compute the total manufacturing cost and sales price of each job using the company's current plantwide overhead rate. 8. Based on the current (plantwide) allocation system, how much profit did the company think it earned on each job? Based on the departmental overhead rates and the sales price determined in Requirement 7, how much profit did it really earn on each job? 9. Compare and comment on the results you obtained in Requirements 7 and 8. Robillard Products manufactures its products in two separate departments: Machining and Assembly. Total manufacturing of the company's resources. Job 501 uses more machine hours than the other job. The accounting system should show that one job actually "costs" the company more resources than the other. Requirement 4. Compute the total amount of overhead allocated to each job if the company uses its current plantwide overhead rate. Get more help . Robillard Products currenty uses a plantwide overhead rate based on direct labor hours to allocate overhead. However, the compary is considering rofining its overhead allocation system by using departmental overhead rates. The Machining Department would allocate its overhead using machine hours (MH) but the Assembly Department would allocale its ovechead using direct labor (DL) hours. The following chart shows the machine hours (MH) and direct (aber (DL) hours incurred by Jobs 500 and 501 in each production debartment: Both Jobs 500 and 501 used $1,500 of direct materials. Wages and benefits total $30 per direct labor hour. Robillard Products prices its products at 125% of total manufacturina costs
