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Round all answers to 2 decimals. The Solomon Company uses a job-costing system at its Dover, Delaware, plant. The plant has a machining department and
Round all answers to 2 decimals.
The Solomon Company uses a job-costing system at its Dover, Delaware, plant. The plant has a machining department and a finishing department. Solomon uses normal costing with two direct-cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department with machine-hours as the allocation base and the finishing department with direct manufacturing labor costs as the allocation base). The 2017 budget for the plant is as follows: Manufacturing overhead costs Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Machining Department $10,660,000 $ 970,000 26,000 205,000 Finishing Department $8,000,000 $4,000,000 160,000 31,000 Use this information for the next 7 questions. Question 29 1 pts What is the budgeted manufacturing overhead rate per machine hour in the machining department? Question 30 1 pts What is the budgeted manufacturing overhead rate per direct labor dollar in the finishing departmentStep by Step Solution
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