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The question to be answered is related to the information attached. although it is in parts, they are the same question. During the month of

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The question to be answered is related to the information attached. although it is in parts, they are the same question.

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During the month of January, the cost record for job 430 shows the following: Machining Dept. Finishing Dept. Direct material used $14,000 $3,000 Direct manufacturing labour costs 600 $1,250 Direct manufacturing labour hours 30 50 Machine hours 130 10 (b) What is the total manufacturing overhead allocated to job 4307 (5 Marks) Page 6 (c) Assuming that job 430 consisted of 20 units of product, what is the unit product cost? (10 Marks) Balances at the end of 2015 are as follows: Machining Dept. Finishing Dept. Manufacturing overhead incurred $11,200,000 $7,900,000 Direct manufacturing labour costs $ 950,000 $4,100,000 Machine Hours 220,000 32,000 (d) Compute the manufacturing overhead variance for each department and for the Main Road Plant as a whole. (5 Marks)The Sumbo Paint Company uses a job costing system at its Main Road Plant. The plant has a Machining department and Finishing department. Its job costing system has the following - 1) Two direct cost categories: . Direct materials and Direct manufacturing labour 2) Two manufacturing overhead cost pools: . The machining department, allocated using machine hours and . The finishing department, allocated using manufacturing labour costs. The 2015 budget for the plant is as follows: Machining Dept. Finishing Dept. Manufacturing Overhead $10,000,000 $8,000,000 Direct manufacturing labour cost $ 900,000 $4,000,000 Direct manufacturing labour hours 30,000 160,000 Machine hours 200,000 33,000 Required: (a) What is the budgeted overhead rate that should be used in the machining department? In the finishing department

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