The McGahee Company uses a job-costing system at its Dover, Delaware, plant. The plant has a machining department and a finishing department. MoGahee 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 2020 budget for the plant is as follows: - X Requirements Data Table Manufacturing overhead costs Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Machining Department $ 9, 180,000 S $ 920,000 S 30,000 Finishing Department 8,000,000 4,000,000 150.000 32.000 180,000 1. Identify the components of the overview diagram of McGahee's job-costing system. 2. What is the budgeted manufacturing overhead rate in the machining department? In the finishing department? 3. During the month of January, the job-cost record for Job 431 shows the following: Machining Finishing Department Department Direct materials used $ 13,000 $ 4,000 Direct manufacturing labor costs $ 500 $ 1,350 Direct manufacturing labor-hours 30 70 Machine-hours 150 15 Compute the total manufacturing overhead cost allocated to Job 431. 4. Assuming that Job 431 consisted of 300 units of product, what is the cost per unit? 5. Amounts at the end of 2020 are as follows: Machining Finishing Department Department Manufacturing overhead Incurred $ 12,490,000 S 8,000,000 Direct manufacturing labor costs $ 1,010,000 S 4,100,000 Machine-hours 240,000 30,000 Compute the under-or overallocated manufacturing overhead for each department and for the Dover plant as a whole. 6. Why might McGahee use two different manufacturing overhead cost pools in its job-costing Print Done The McGahee Company uses a job-costing system at its Dover, Delaware, plant. The plant has a machining department and a finishing department. MoGahee 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 2020 budget for the plant is as follows: - X Requirements Data Table Manufacturing overhead costs Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Machining Department $ 9, 180,000 S $ 920,000 S 30,000 Finishing Department 8,000,000 4,000,000 150.000 32.000 180,000 1. Identify the components of the overview diagram of McGahee's job-costing system. 2. What is the budgeted manufacturing overhead rate in the machining department? In the finishing department? 3. During the month of January, the job-cost record for Job 431 shows the following: Machining Finishing Department Department Direct materials used $ 13,000 $ 4,000 Direct manufacturing labor costs $ 500 $ 1,350 Direct manufacturing labor-hours 30 70 Machine-hours 150 15 Compute the total manufacturing overhead cost allocated to Job 431. 4. Assuming that Job 431 consisted of 300 units of product, what is the cost per unit? 5. Amounts at the end of 2020 are as follows: Machining Finishing Department Department Manufacturing overhead Incurred $ 12,490,000 S 8,000,000 Direct manufacturing labor costs $ 1,010,000 S 4,100,000 Machine-hours 240,000 30,000 Compute the under-or overallocated manufacturing overhead for each department and for the Dover plant as a whole. 6. Why might McGahee use two different manufacturing overhead cost pools in its job-costing Print Done