Requirements 1. Identify the components of the overview diagram of Lulu's job-costing system. Compute the budgeted manufacturing overhead rate for each department. 2. During February, the job-cost record for Job 494 contained the following: Machining Department Assembly Department Direct materials used $ 48,000 $ 75,000 Direct manufacturing labor costs $ 13,000 $ 19,000 Direct manufacturing labor-hours 1,300 1,700 Machine-hours 2,400 1,700 ify Compute the total manufacturing overhead costs allocated to Job 494. Requirements overhead rate for each department. 2. During February, the job-cost record for Job 494 contained the following: Machining Department Direct materials used $ Direct manufacturing labor costs $ Direct manufacturing labor-hours Machine-hours Assembly Department 48,000 S 75,000 13,000 $ 19,000 1,300 1.700 2,400 1,700 Compute the total manufacturing overhead costs allocated to Job 494. 3. At the end of 2020, the actual manufacturing overhead costs were $2,300,000 in machining and $5,200,000 in assembly. Assume that 33,000 actual machine-hours were used in machining and that actual direct manufacturing labor costs in assembly were $3,200,000. Compute the over- or underallocated manufacturing overhead for each department. Data table Manufacturing overhead Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Machining Department $ 1,500,000 $ $ 1,600,000 $ 110,000 30,000 Assembly Department 3,900,000 3,000,000 270,000 270,000 The Lulu Company uses a normal job-costing system at its Minneapolis plant. The plant has a machining department and an assembly department. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department overhead, allocated to jobs based on actual machine-hours, and the assembly department overhead, allocated to jobs based on actual direct manufacturing labor costs). The 2020 budget for the plant is as follows: Requirement 1. Identify the components of the overview diagram of Lulu's job-costing system. Compute the budgeted manufacturing overhead rate for each department. (Abbreviations used: Manuf. = manufacturing.) Assembly A BC D E F E F A } } G } Machining B K H I K