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 2020 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.) X i Data Table A } D } Manufacturing overhead Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Machining Department Assembly Department $ 1,800,000 $ 4,000,000 1,000,000 $ 2,000,000 100,000 220,000 60,000 220,000 G Print Done } Choose from any list or enter any number in the input fields and then click Check Answer. ? 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.) Machining Assembly Indirect Cost Pool A A } B B Machining Department Manuf. Overhead Assembly Department Manuf. Overhead C D Cost Allocation Base D E F } E Machine-Hours F Direct Manufacturing Labor Cost H G Cost Object Product G } H Indirect Costs 1 Direct Costs J Direct Costs } K Direct Materials K L Direct Manufacturing Labor Enter the formula, then enter the budgeted manufacturing overhead and cost allocation bases to solve for the budgeted manufacturing overhead rate for each department. (Enter the percentage result as a whole percentage. Abbreviations used: manuf. = manufacturing, DM = direct manufacturing.) Budgeted manuf. overhead Budgeted cost allocation base Budgeted manufacturing overhead rate Machining Assembly