Question 3: The Fasano Company uses a job-costing system at its Dover, Delaware, plant. The plant has a machining department and a finishing department. Fasano uses normal costing with two direct-cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department with machinehours as the allocation base, and the finishing department with direct manufacturing labor costs as the allocation base). The 2011 budget for the plant is as follows: Manufacturing overhead costs Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Required: Machining Department $10,660,000 $ 940,000 36,000 205,000 Finishing Department $7,372,000 $3,800,000 145,000 32,000 1. What is the budgeted manufacturing overhead rate in the machining department? In the finishing department? 2. During the month of January, the job-cost record for Job 431 shows the following: Compute the total manufacturing overhead cost allocated to Job 431. Direct materials used Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Machining Department $15,500 $ 400 50 130 Finishing Department $5,000 $1,1,00 50 520 20