reader.com/#/reader/8000507a-ba17-44ee9caa 39603fd9c37c/page/Bac03d8ebeab9f46ea6ead8d1c638cc eTextbook: Principles of Cost Accounting Q TT Quick Tour Print Search Annotations Accessory Book Cest Pool Direct labority and support Machine Meral movement Engineering Total Budgeted Amount 5.300.000 250.000 25.000 $790.000 The potential allocation bases and their estimated amounts were as follows Cost Pool Number of components Number of material moves Machine hours Direct labor hours Budgeted Amount 75 400 10,000 25.000 REQUIRED: 1. Determine the overhead rate for each cost pool, using the most appropriate allocation base for each pool (Use each allocation base only once ) 2 Job 007 required $15,000 for direct materials. $20.000 for direct labor 800 direct labor hours, 1.200 machine hours, six setups, and four component parts. Determine the cost of Job 007 3. Assume Mansfield used the direct labor hour method to apply factory overhead to Job 007 Determine the predetermined factory overhead rate using the direct labor hour method 4 Determine the cost of Job 007 using the direct labor hour method to apply factory overhead O 52% 10:22 PM 9/28/2020 reader.com/#/reader/8000507a-ba17-44ee9caa 39603fd9c37c/page/Bac03d8ebeab9f46ea6ead8d1c638cc eTextbook: Principles of Cost Accounting Q TT Quick Tour Print Search Annotations Accessory Book Cest Pool Direct labority and support Machine Meral movement Engineering Total Budgeted Amount 5.300.000 250.000 25.000 $790.000 The potential allocation bases and their estimated amounts were as follows Cost Pool Number of components Number of material moves Machine hours Direct labor hours Budgeted Amount 75 400 10,000 25.000 REQUIRED: 1. Determine the overhead rate for each cost pool, using the most appropriate allocation base for each pool (Use each allocation base only once ) 2 Job 007 required $15,000 for direct materials. $20.000 for direct labor 800 direct labor hours, 1.200 machine hours, six setups, and four component parts. Determine the cost of Job 007 3. Assume Mansfield used the direct labor hour method to apply factory overhead to Job 007 Determine the predetermined factory overhead rate using the direct labor hour method 4 Determine the cost of Job 007 using the direct labor hour method to apply factory overhead O 52% 10:22 PM 9/28/2020