The following scenario will be useful for all questions in this quiz: ABC Inc. is developing departmental manufacturing overhead application rates for the company's manufacturing departments. The budgeted costs and hours for each department for the period are shown below. Departments Company-wide Dept A Dept B Total Direct materials $ 20,000 $ 2,000 $ 22,000 Direct labor 10,000 7,500 17,500 Indirect materials 1,000 $ 1,000 $ 2,000 Indirect labor 18,000 5,000 23,000 Factory manager's salaries 5,000 5,000 10,000 Factory rent 6,000 2,500 8,500 Repairs and maintenance 15,000 3,000 18,000 Total budgeted costs $ 75,000 $ 26,000 $ 101,000 Total machine hours for the period 1,000 500 1,500 The actual costs and hours for Job #1 as as follows: Departments Company-wide Dept A Dept B Total Direct materials needed for Job #1 $ 2,000 $ 200 $ 2,200 Direct labor needed for Job #1 400 $ 150 $ 550 Actual machine hours for Job #1 30 40 70