Toahen Producto manufactures its products in two separate departments Machining and Assembly Total manufacturing overhead costs for the year we budgeted at 1.000.000. Of his mount, the Machine Department incurs 3630.000 (primarily for machine operation and depreciation while the Army Departments S420,000. The company times that we nur 400 machine hours in the Machine Departments and 15,000 direct labor hours (9.000 in the Machining Department and 12.000 in the Arumbly Department during the yout Click the icon to the additional information Read the course Requirement Compute the company's current platwide overhead role. (od you were the newest Begin by determining the form the compute the rate Plan de overhead DOL Requirement 2. Computer refined departmental overhead roles Detomining the formula then compute the roles. Round your answers to the rest of Departmental overhead rat per mach hour Torn Machining Chege from any list or enterary number in the input fields and then continue to the next question Requirement 2. Computerofined departmental Overhead roles Determining the formula, the compute the rates. (Round your answer to the rest dolar) - Departmental overhead role Machining per mucho Assembly per DL hour Requirement 3. Which job (Job 500 or Job 501) us more of the company's sources? Explain of the company's resources machine hours than the other job. The accounting system should show that one job actually the other Choose from any list or enter any number in the input fields and then continue to the next question Teahen Products manufactures its products in two separate departments Machining and Assembly Toll managed cols for your are budgeted 51.050.000. Ofis mount, the Maching Department incurs 5630,000 (primarily for machine operation and depreciation while the Assembly Department nous 5420.000 The company with 40 machine sisse techno Department) and 15.000 direct labor hours (3.000 in the Machining Department and 12.000 in the combly Dining you 1. Click the icon to view the additional information Read the requirements Requirement 4. Compute the total amount of overhead allocated to each job the company uses its current plantede overhead role Job 500 Job 501 Total direct labor hours Plantwide allocation rate Overhead allocation Requirement 5. Compute the total amount of overhead allocated to each job the company uses departmental Ovechado Job 500 Job 501 Overhead allocation - Machining Department Choose from any list or enter any number in the input fields and then continue to the next question Requirements. Compute the total amount of overhead allocated to achjobit the company uses departmental overhead Job 500 Job 501 Overhead allocation Machining Department Oorhood allocation Assembly Department Total overhead location Requirement 6. Do both of the location systems accurately reflect the resources acho used? Explain The single plantwide overhead role assigned of overhead to both jobs. The departmental rates in to Job 501 ano 500 due to the This seems the input fields and then continue to the next question separate departments: Machining and Assembly. Total manufacturing overhea Department incurs $630,000 (primarily for machine operation and depreciation) while the Assembly Department incurs $420,000 Department) and 15,000 direct labor hours (3,000 in the Machining Department and 12,000 in the Assembly Department) during (Click the icon to view the additional information.) Read the requirements Requirement 6. Do both of the allocation systems accurately reflect the resources each job used? Explain. The single plantwide overhead rate assigned of overhead to both jobs. The departmental rates assign This seems different amounts Requirement 7. Compute the total manufactu each job using the company's current plantwide overhe- number.) the same amount Job 500 Job 501 Direct materials Direct labor Manufacturing overhead Choose from any list or enter any number in the input fields and then continue to the next question Type here to search 0 0 enovo The company estimates that it will incur 8,400 Machining Department and 12,000 in the Assembly Department) during the year. urately reflect the resources each job used? Explain. of overhead to both jobs. The departmental rates assign to Job 501 than Job 500 duet and sales price of each job using the company's current plantwide less overhead cost more overhead cost Is to the nearest dollar Job 501 ut fields and then continue to the next question O BI Hours (all in the Machining Eign to Job 501 than Job 500 due to the used extra assembly hours ide overhead rate. (Round amounts to the nearest dollar. Enter extra direct labor hours extra machine hours ? 4:02 PM 3/9/2021 carbon Requirement 6. Do both of the allocation systems accurately reflect the res The single plantwide overhead rate assigned This seems of overhe Requiremer number.) tal manufacturing cost and sales price of ea "more fair" "less fair" Job 500 Job 501 Direct materials Direct labor Manufacturing overhead Choose from any list or enter any number in the input fields and then co Type here to search lenovo Teohen Products manufactures its products in two separate departments Machining and Assembly Total manufacturing overhodcots for the year are budgeted at $1.000.000 of this the Machine Department incurs 5630,000 (primarily for machine operation and depreciation while the Assembly Department incurs 5420.000 The company times that it will now 8.400 machine housine Martina Department and 15.000 direct labor hours (3.000 in the Machining Department and 12,000 in the Assembly Department in the you Click the icon to www ile additional Information) Read the resuirements Requirement 7. Compute the total manufacturing cost and sales price of each busing the company's current partaide overhead toto Round amount to the nearest der Frer ma percentage och number Job 500 Job 501 Direct materials Direct labor Manufacturing overhead Total manufacturing costs Markup for pricing Sales price Teahen Products manufactures its products in two separate departments Machining and Assembly Total manufacturing overhead coats for the year we budgeted at 51.050,000 of the amount, the Maching Department incurs 5630,000 primarily for machine operation and depreciation while the Assembly Department incurs $420,000. The company estimates that it will incur 1.400 machines on the Machining Department) and 15,000 Grect bor hours (3.000 in the Machining Department and 12.000 in the Assembly Department during the year Click the boon to view the additional information Read the requirements Requirement 8. Based on the current (pariwite) location system how much profit did the company toki oamed on each ot? Calculate the gross profit using the current costing system Job 500 Job 501 She price Less Total manufacturing costs Bross profit (oss) Based on the departmental overhead rates and the sales proe determined in Requirement how much prot did the company olyan on each job? Calculate the gross profit using the departmental rate costing system. (Use parentheses or minus sign to show losses Choose from any list or enter any number in the input fields and then continue to the next question Mother Based on the departmental overhead roles and the sales pitice determined in Requirement 7 how much profit did the company rely on on each Calculate the gross profit using the departmentale costing system (Uspore or a mission to show Job 500 Job 501 Sales Le Touring out Direct materials Direct labor Manufacturing overed Gross protas Choose from any stor erver any number in the input fields and then continue to the next question Teahen Products manufactures products in two separate departments Machining and Acony Tomating to your web 10.000 Mochii Department incurs 5630,000 primarily for machine operation and depreciation while the Assembly Departments 420.000. The company that will in Department and 15.000 direct labor hours (3.000 in the Machining Department and 12.000 in my Deporting they Click on to view the additional information Read the Les Total manufacturing costs Direct materiale Direct labor Manufacturing overhead Giess peolitos Requirement. Compare and comment on the results you obtained in Requirements and When in a single rate allocation method. Teahen believes that When wing a roined costing method. The reszes that Choose from any list or enter number in the input fields and then continue to the next question 1 i Data Table sepa opel in the at $1,050,000 Vill incur 8,400 m on.) Teahen Products currently uses a plantwide overhead rate based on direct labor hours to allocate overhead. However, the company is considering refining its overhead allocation system by using departmental overhead rates. The Machining Department would allocate its overhead using machine hours (MH), but the Assembly Department would allocate its overhead using direct labor (DL) hours. The following chart shows the machine hours (MH) and direct labor (DL) hours incurred by Jobs 500 and 501 in each production department: Machining Assembly Department Department Job 500. 10 MH 12 DL hours 4 DL hours Job 501.... 20 MH 12 DL hours 4 DL hours Both Jobs 500 and 501 used $1,500 of direct materials. Wages and benefits total $30 per direct labor hour. Teahen Products prices its products at 125% of total manufacturing costs. results Teahen en realize the inpu Print Done