Please help with Requirement 4

Harrison's Fine Furnishings manufactures upscale custom furniture Harrison's currently uses a plantwise overhead rate based on direct labor hours to allocate its $1,000,000 of manufacturing overhead to individual jobs. However, Daria Burger, owner and CEO, is considering relining the company's costing system by using departmental overhead rates. Currently, the Machining Department incurs 5660,000 of manufacturing overhead while the Finishing Department incurs $40.000 of manufacturing overhead. Burger has identified machine hours (MH) as the primary manufacturing overhead cost driver in the Machining Department and direct labor (DL) hours as the primary cost driver in the Finishing Department (Click the icon to view the job information) Read the requirements Requirement 4. If Harrison's uses departmental overhead tates, how much marutacturing overhead would be allocated to Job 450 and Job 4557 Use the following table to calculate the amount of manufacturing overhead that would be allocated to the job if the departmental overtad rates are ned (Round your answers to the nearest whole dollar) Job 450 Job 455 Machining Finishing Total nuerhear allation Com Harrison's Fine Furnishings manufactures upscale custom furniture. Harrison's currently uses a plantwide overhead rate based on direct labor hours to allocate its $1,000,000 of manufacturing overhead to individual jobs. However, Dana Burger, owner and CEO, is considering refining the company's costing system by using departmental overhead rates Currently, the Machining Department incurs $660,000 of manufacturing overhead while the Finishing Department incur 20.000 manufacturing overhead Burger han Thining Department and direct labor (DL) hours as the primary cost driver Click the icon to view the job info More Info Read the requirements Requirement 4. If Harrison's uses de The Harrison's plant completed Jobs 450 and 455 on May 15. Both jobs incurred O and Job 4552 a total of 6 DL hours throughout the entire production process. Job 450 incurred Use the following table to calculate the 1 MH in the Machining Department and 5 DL hours in the Finishing Department overhead rates are used. (Round your answers to the nearest whole do (the other DL hour occurred in the Machining Department). Job 455 incurred 6 MH in the Machining Department and 4 DL hours in the Finishing Department Joti (the other two DL hours occurred in the Machining Department). Machining Print Done Finishing tal verhaal vann ter any number in the edit fields and then click Check Answer 99 r ate B d i Requirements X tir en a 1. Compute the plantwide overhead rate assuming that Harrison's expects to incur 20,000 total DL hours during the year. 2. Compute departmental overhead rates assuming that Harrison's expects to incur 15,000 MH in the Machining Department and 17,000 DL hours in the Finishing Department during the year. 3. If Harrison's continues to use the plantwide overhead rate, how much manufacturing overhead would be allocated to Job 450 and Job 455? 4. If Harrison's uses departmental overhead rates, how much manufacturing overhead would be allocated to Job 450 and Job 455? 5. Based on your answers to Requirements 3 and 4, does the plantwide overhead rate overcost or undercost either job? Explain. If Harrison's sells its furniture at 125% of cost, will its choice of allocation systems affect product pricing? Explain. Print Done