What is requirement 5. The single plantwide rate (overcosts / undercosts) Job 450 by____ and (overcosts / undercosts) Job 455 by ____.

Requirements 1. Compute the plantwide overhead rate assuming that Isaacson's expects to incur 30,000 total DL hours during the year. 2. Compute departmental overhead rates assuming that Isaacson's expects to incur 14,500MH in the Machining Department and 17,500 DL hours in the Finishing Department during the year. 3. If Isaacson's continues to use the plantwide overhead rate, how much manufacturing overhead would be allocated to Job 450 and Job 455 ? 4. If Isaacson's uses departmental overhead rates, how much manufacturing overhead would be allocated to Job 450 and Job 455 ? 5. Based on your answers to Requirements 3 and 4, does the plantwide overhead rate overcost or undercost either job? Explain. If Isaacson's sells its furniture at 125% of cost, will its choice of allocation systems affect product pricing? Explain. More info The Isaacson's plant completed Jobs 450 and 455 on May 15. Both jobs incurred a total of 5DL hours throughout the entire production process. Job 450 incurred 1MH in the Machining Department and 4 DL hours in the Finishing Department (the other DL hour occurred in the Machining Department). Job 455 incurred 7MH in the Machining Department and 3DL hours in the Finishing Department (the other two DL hours occurred in the Machining Department). Requirement 1. Compute the plantwide overhead rate assuming that Isaacson's expects to incur 30,000 total DL hours during the year. First identify the formula, then compute the rate. (Round your answer to the nearest whole dollar.) Requirement 2. Compute departmental overhead rates assuming that Isaacson's expects to incur 14,500MH in the Machining Department and 17,5 DL hours in the Finishing Department during the year. First identify the formula, then compute the rate for each department. (Round your answers to the nearest whole dollar.) Requirement 3. If Isaacson's continues to use the plantwide overhead rate, how much manufacturing overhead would be allocated to Job 450 and Job 455? First identify the formula, then calculate the amount of manufacturing overhead that would be allocated to the jobs if the plantwide overhead rate is used (Round your answers to the nearest whole dollar.) Requirement 4. If Isaacson's uses departmental overhead rates, how much manufacturing overhead would be allocated to Job 450 and Job 455? Use the following table to calculate the amount of manufacturing overhead that would be allocated to the jobs if the departmental overhead rates are used. (Round your answers to the nearest whole dollar.) Requirement 5. Based on your answers to Requirements 3 and 4, does the plantwide overhead rate overcost or undercost either job? Explain. If Isaacson's sells its furniture at 125% of cost, will its choice of allocation systems affect product pricing? Explain. The single plantwide rate Job 450 by and Job 455 by