Question 1: (5.5 Marks) A furniture Company manufactures tables. In March, the two production departments had budgeted allocation bases of 4,000 machine-hours in Department X and 8,000 direct manufacturing labor-hours in Department Y. The budgeted manufacturing overheads for the month were $57,500 in Department X and $62,500 in Department Y. For Job A, the actual costs incurred in the two departments were as follows: Direct materials used Indirect materials used Direct manufacturing labor Indirect manufacturing labor Lease on equipment Plant utilities Department X 32,500 7,500 52,500 11,000 16,250 1,000 Department Y 13,500 4,750 53,500 9,000 3,750 1,250 Job A incurred 800 machine-hours in Department X and 300 manufacturing labor-hours in Department Y The company uses a budgeted overhead rate for allocating overhead to production. Required: Prepare the necessary journal entries to summarize the March transactions for Department X. 2 25 26 Required: 1) Using the current traditional costing system, what is the estimated a) total cost of manufacturing one unit of Deluxe entry dopr? (.5 Mark) b) profit per unit of Standard? (-5 Marks) 2) Using the activity-based costing data presented above compute the revised manufacturing overhead costs per unit of Dehxe entry door. (3.5 Marks)