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Please help me solve this! Give correct answer kudos and respects! The Lulu Company uses a normal job-costing system at its Minneapolis plant. The plant

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Please help me solve this! Give correct answer kudos and respects!
The Lulu Company uses a normal job-costing system at its Minneapolis plant. The plant has a machining department and an assembly department. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department overhead, allocated to jobs based on actual machine-hours, and the assembly department overhead, allocated to jobs based on actual direct manufacturing labor costs). The 2020 budget for the plant is as follows: Click the icon to view the budget data) Read the requirements A Requirement 1. Identify the components of the overview diagram of Lulu's job-costing system Compute the budgeted manufacturing overhead rate for each department. (Abbreviations used: Manuf. = manufacturing.) Machining Assembly A } A Indirect Cost Pool B Machining Department Manut. Overhead C Assembly Department Manut. Overhead DCost Allocation Base 0} E Machine Hours F Direct Manufacturing Labor Cost E 0 F H } G Cost Object Product HIndirect costs Direct Costs Direct Costs K Direct Materials Direct Manufacturing Labor 1 } Enter the formula, then enter the budgeted manufacturing overhead and cost allocation bases to solve for the budgeted manufacturing overhead rate for each department. (Enter the porcentage result as a whole percentage. Abbreviations used: manut, manufacturing, DM direct manufacturing.) Budgeted manufoverhead - Budgeted manufacturing overhead rate The Lulu Company uses a normal job-costing system at its Minneapolis plant. The plant has a machining department and an assembly department. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department overhead allocated to jobs based on actual machine-hours, and the assembly department overhead, allocated to jobs based on actual direct manufacturing labor costs). The 2020 budget for the plant is as follows: Click the icon to view the budget data) Read the requirements Requirement 1. Identify the components of the overview diagram of Lulu's job-costing system.Compute the budgeted manufacturing overhead rate for each department. (Abbreviations used: Manuf. = manufacturing.) Machining Assembly A } A Indirect Cost Pool B Machining Department Manut. Overhead C Assembly Department Manut. Overhead Cost Allocation Base "} E Machine Hours F Direct Manufacturing Labor Cost D F H G luct } Actual direct labor costs 1 Actual direct material costs } Actual indirect costs ring Labor Budgeted cost allocation base Enter the formula, then enter the budgeted mani to solve for the budgeted manufacturing overhead rate for each department (Enter the percentage result as a w Budgeted manuf. overhead - manufacturing, DM direct manufacturing) Budgeted manuf overhead Budgeted manufacturing overhead rato Requirements 1. Identify the components of the overview diagram of Lulu's job-costing system. Compute the budgeted manufacturing overhead rate for each department. 2. During February, the job-cost record for Job 494 contained the following: Machining Department Assembly Department Direct materials used $ 45,000 $ 74,000 Direct manufacturing labor costs $ 19,000 $ 20,000 Direct manufacturing labor-hours 1,400 1,800 Machine-hours 2,100 1,100 Compute the total manufacturing overhead costs allocated to Job 494. 3. At the end of 2020, the actual manufacturing overhead costs were $2,000,000 in machining and $4,100,000 in assembly. Assume that 54,000 actual machine-hours were used in machining and that actual direct manufacturing labor costs in assembly were $2,300,000. Compute the over- or underallocated manufacturing overhead for each department. Print Done Data table Manufacturing overhead Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Machining Department Assembly Department $ 1,800,000 $ 4,000,000 1,400,000 $ 2,000,000 180,000 250,000 50,000 250,000 Print Done

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