The Luzon Co., uses a job-costing system at its Dagupan plant. The plant has a Machining Department and a Finishing Department. Luzon uses a normal-costing system 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 year 2006 budget for the plant is as follows: Machining Department Manufacturing overhead P 10,000,000 Finishing Department P8,000,000 Direct Manufacturing P 900,000 labor-costs P4,000,000 160,000 200,000 33,000 Direct Manufacturing labor 30,000 hours Machine Hours Required: Department? Department? ff: a. What is the budgeted overhead rate that should be used in Machining b. What is the budgeted overhead rate that should be used in Finishing c. During the month of January, the job cost record for Job 143 shows the Direct Materials Used Machining Department P 14,000 Finishing Department P 3,000 Direct Manufacturing P 600 P1,250 labor-costs 50 Machine Hours 130 10 Direct Manufacturing labor 30 hours What is the total manufacturing overhead allocated to Job 143? d. Assuming that Job 143 consisted of 200 units of product, what is the unit product cost of Job 143? e. Amounts at the end of 2006 are as follows: Manufacturing incurred Machining Department overhead P 11,200,000 Direct labor-costs Manufacturing P 950,000 Machine Hours 220,000 Finishing Department P 7,900,000 P4,100,000 32,000 What is the under- or overallocated manufacturing overhead fro the Dagupan plant as a whole?