Question 7 Time: 20 minutes Total: 13 marks Bob's Electronics Inc, manufactures high-tech screens for computers. In June, the two production departments had budgeted allocation bases of 13,000 machine hours in Department 1 and 7,100 direct manufacturing labour hours in Department 2. The budgeted manufacturing overheads for the month were $55,900 and $41,890, respectively. For Job 101, the actual costs incurred in the two departments were as follows: Department 1 Department 2 Direct materials purchased on account Direct materials used Direct manufacturing labour Indirect manufacturing labour Indirect materials used Lease on equipment Utilities $66,000 12,500 32,500 6,600 4,500 9,750 600 $106,500 9,100 32,200 5,400 2,850 2,250 750 Job 101 incurred 1,600 machine hours in Department 1 and 900 manufacturing labour hours in Department 2. The company uses a budgeted departmental overhead rate for applying overhad to production. 1. What is the budgeted indirect cost allocation rate for Department 1? marks) (4 2. What is the budgeted indirect cost allocation rate for Department 2? marks) (4 3. What is the total cost assigned to Job 101 based on normal costing