Robillard Products manufactures its products in two separate departments: Machining and Assembly. Total manufacturing overhead costs for the year are budgeted at $1,100,000. Of this amount, the Machining Department incurs $680,000 (primarily for machine operation and depreciation) while the Assembly Department incurs $420,000. The company estimates that it will incur 10,000 machine hours (all in the Machining Department) and 22,000 direct labor hours (8,000 in the Machining Department and 14,000 in the Assembly Department) during the year Robillard Products currently uses a plantwide overhead rate based on direct labor hours to allocate overhead. However, the company is considering refining its overhead allocation system by using departmental overhead rates. The Machining Department would allocate its overhead using machine hours (MH), but the Assembly Department would allocate its overhead using direct labor (DL) hours. The following chart shows the machine hours (MH) and diect labor (DL) hours incurred by Jobs 500 and 501 in each production department: E (Click the icon to view the additional information.) Read the requirements Data Table Requirement 1. Compute the company's current plantwide overhead rate. (Round your answer to the nearest dollar.) Begin by determining the formula, then compute the rate Machining Assembly Department 2 DL hours Plantwide overhead rate Department Job 500....10 MH 5 DL hours Job 501..20 MH 2 DL hours Choose from any drop-down list and then click Check Answer 5 DL hours Both Jobs 500 and 501 used S1,800 of direct materials. Wages and benefits total $30 per direct labor hour. Robillard Products prices its products at 110% of total manufacturing costs. Clear All remaining