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PROBLEM 1: The Fuzzy Yeti is a manufacturing company that produces fleece jackets. In September 2020, the two production departments had budgeted allocation bases of

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PROBLEM 1: The Fuzzy Yeti is a manufacturing company that produces fleece jackets. In September 2020, the two production departments had budgeted allocation bases of 6,050 machine-hours in Department 1 and 10,000 direct manufacturing labor-hours in Department 2. The budgeted manufacturing overheads for the morils were $57.500 and $62,500, respectively. For Job 102, the actual costs incurred in the two departments were as follows: Department 1 Department 2 Direct materials purchased on account $100,000 $150,500 Direct materials used 30,500 15,500 52,500 53,000 Direct manufacturing Inbor indirect manufacturing labor 15,000 10,000 Indirect materials used 7.000 4,550 Lease on equipment 18.250 3,550 2,000 Utilities 2.250 Job 102 incurred 1,000 machine-hours in Department 1 and 500 manufacturing labor-hours in Department 2. The company uses a budgeted overhead rate for applying overhead to production a. Determine the budgeted manufacturing overhead rate for each department Department 1 Numerator used with label (for example unit, per unit, and/or $) divided by (include label): - Budgeted MOH Rato for Department A (include label and ROUND to $X.XX Department 2 Numerator used with label (for example unit, per unit, and/or divided by (include label): = Budgeted MOH Rate for Department B (include label and ROUND to $X.XX) b. Prepare the necessary Journal entries to summarize the September transactions for Department 1. Select the journal entry you wish to make from the drop down options below. Create the Journal Entry indicated above. You may not use all lines provided. count Amount Debit Credit Line 2 Line 3 Line 1 Uno 4 Select the journal entry you wish to make from the drop down options below. Create the Journal Entry indicated above. You may not use all lines provided. Account Amount Dobit Credit Line 2 Une 3 Uno Line 4 Select the journal entry you wish to make from the drop down options below. Create the Journal Entry indicated above. You may not use all lines provided. Account Amount Debt Credit Une 1 Line 3 Une 2 Une 4 Select the journal entry you wish to make from the drop down options below. Create the Journal Entry indicated above. You may not use all lines provided. be Create the Journal Entry indicated above. You may not use all lines provided. Account Amount Deba Credit Line 3 Une 2 Unel Line

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