Requirement 5. Based on your answers to Requirements 3 and 4 , does rate overcost or undercost either job? Explain. If Harrison's sells its furniture at 125% of cost, will its choice allocation systems affect product pricing? Explain. The single plantwide rate Job 450 by and 5 by Since Harrison's sets its sales price at 125% of cost, and the job cost is by the allocation system it uses, its sales price will by the allocation system it uses. Requirement 5 . Based on your answers to Requirements 3 and 4 , does the plantwide overhead rate overcost or undercost either job? Ex furniture at 125% of cost, will its choice allocation systems affect product pricing? Explain. The single plantwide rate Job 450 by and Job 455 by Since Harrison's sets its sales price at 125% of cost, and the job cost is by the allocation system it uses, its sales price will by the allocation system it uses. More info The Harrison's plant completed Jobs 450 and 455 on May 15. Both jobs incurred a total of 6 DL hours throughout the entire production process. Job 450 incurred 3MH in the Machining Department and 5DL hours in the Finishing Department (the other DL hour occurred in the Machining Department). Job 455 incurred 7 MH in the Machining Department and 4DL hours in the Finishing Department (the other two DL hours occurred in the Machining Department). Machining Department and direct labor (DL) hours as the primary cost driver in the Finishing Department. (Click the icon to view the job information.) Read the requirements. Requirement 1. Compute the plantwide overhead rate assuming that Harrison's expects to incur 20,000 total DL hours during the year. First identify the formula, then compute the rate. (Round your answer to the nearest whole dollar.) First identify the formula, then compute the rate for each department. (Round your answers to the nearest whole dollar.) Requirement 3. If Harrison's continues to use the plantwide overhead rate, how much manufacturing overhead would be allocated to Job 450 and Job 455 ? Requirement 4. If Harrison's uses departmental overhead rates, how much manufacturing overhead would be allocated to Job 450 and Job 455 ? allocation systems affect product pricing? Explain. The single plantwide rate Job 450 by and Job 455 by Since Harrison's sets its sales price at 125% of cost, and the job cost is by the allocation system it uses, its sales price will by the allocation system it uses