The Lynn 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 2017 budget for the plant is as follows: (Click the icon to view the budget data.) Read the requirements. Requirement 1. Identify the components of the overview diagram of Lynn's job-costing system. Compute the budgeted manufacturing overhead rate for each department. (Abbreviations used: Manuf. = manufacturing.) A } Machining B Assembly C A B Data table D E F G } } K H E J K Manufacturing overhead Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Machining Department Assembly Department 2,000,000 $ 3,900,000 1,300,000 $ 3,000,000 150,000 50,000 270,000 270,000 Print Done 1. Identify the components of the overview diagram of Lynn'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 material used $ 41,000 $ 77,000 Direct manufacturing labor costs $ 11,000 $ 14,000 Direct manufacturing labor-hours 1,300 1,600 Machine-hours 2,500 1,700 Compute the total manufacturing overhead costs allocated to Job 494. 3. At the end of 2017, the actual manufacturing overhead costs were $2,300,000 in machining and $5,500,000 in assembly. Assume that 56,000 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