4-38 Job cesting accounting for manufacturing overhead, budgeted rates Deewoong Medicals, healthcare company based in South Korea, se a job-costing system at Myangnam plant. The plant has a technology department and finishing department Dawoong uses normal coating with two direct-cost Categories direct materials and direct manufacturing labor and two manufacturing overhead cost pools the technology department with machine-hours as the location base and the finishing department with direct manufacturing labor costs as the location basal. The 2021 budget for the plant is as follows Technology Department Finishing Department Manufacturing overhead costs $9,065.000 $8,781.000 Direct manufacturing labor costs $ 70.000 S400.000 Direct manufacturing labor hours 1.000 155.000 Machine-tours 18.000 1. Prepare an overview diagram of Daewoon's job cuting 2 What is the budpated manufacturing overhead role in the bachecopy department in the finishing department 1 During the month of January, the job coat record for Job shows the following Technology Department Finishing Department Direct materials used $13.000 55.000 Direct manufacturing labor com $300 $1.250 Direct manufacturing labor-hours 20 70 Machine hours 140 20 Compute the total manufacturing overhead cont allocated to Job Assuming that Job 431 consisted of 300 units of product, what is the cost per unit? Amounts at the end of 2021 are as follows: Technology Department Finishing Department Manufacturing overhead incurred $10,000,000 37.962.000 Direct manufacturing labor costs $ 1.000.000 34,100,000 Machine hours 200.000 34.000 Compute the under or overallocated manufacturing overhead for each department and for the Myangram plant as a whole Why might Daewoong the two different manufacturing overhead cont pool in its job.couting stem 17.000 4-36 Job costing, accounting for manufacturing overhead, budgeted rates. Daewoong Medicals, a healthcare company based in South Korea, uses a job-costing system at Hyangnam plant. The plant has a technology department and a finishing department. Daewoong uses normal costing with two direct-cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the technology department with machine-hours as the allocation base and the finishing department with direct manufacturing labor costs as the allocation base). The 2021 budget for the plant is as follows: Technology Department Finishing Department Manufacturing overhead costs $9,065,000 $8,181,000 Direct manufacturing labor costs S 970,000 $4,050,000 Direct manufacturing labor-hours 36,000 155,000 Machine-hours 185,000 37,000 1. Prepare an overview diagram of Daewoong's job-costing system. 2 What is the budgeted manufacturing overhead rate in the technology department? In the finishing department? 3. During the month of January, the job-cost record for Job 431 shows the following: Technology Department Finishing Department Direct materials used S13,000 $5,000 Direct manufacturing labor costs $ 900 $1,250 Direct manufacturing labor-hours 20 70 Machine-hours 140 20 Compute the total manufacturing overhead cost allocated to Job 431. 4. Assuming that Job 431 consisted of 300 units of product, what is the cost per unit? 5. Amounts at the end of 2021 are as follows: Technology Department Finishing Department Manufacturing overhead incurred $10,000,000 $7,982,000 Direct manufacturing labor costs $ 1,030,000 S4,100,000 Machine-hours 200,000 34,000 Compute the under-or overallocated manufacturing overhead for each department and for the Hyangnam plant as a whole. 6. Why might Daewoong use two different manufacturing overhead cost pools in its job-costing system
