Wixis Cabinets makes custom wooden cabinets for high-end stereo systems from specialty woods. The company uses a job-order costing system. The capacity of the plant is determined by the capacity of its constraint, which is time on the automated bandsaw that makes finely beveled cuts in wood according to the preprogrammed specifications of each cabinet. The bandsaw can operate up to 183 hours per month. The estimated total manufacturing overhead cost at capacity is $15,189 per month. The company bases its predetermined overhead rate on capacity, so its predetermined overhead rate is $83 per hour of bandsaw use. The results of a recent month's operations appear below. Sales Beginning inventories Ending inventories Direct materials Direct labor Manufacturing overhead incurred Selling and administrative expense Actual hours of bandsaw use Required: $ 43,750 $ 0 $0 $ 5,330 $8,850 $14,290 $ 8,250 153 1-a. Prepare an income statement for the month. Your income statement should include the cost of unused capacity as a period expense. 1-b. What was the cost of unused capacity during the month? Complete this question by entering your answers in the table below. Required 1A Required 18:1 Prepare an income statement for the month. Your income statement should include the cost of unused capacity as a period expense. Wixis Cabinets Income Statement Other expenses White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Required: Department Cutting Finishing 8,800 51,900 67,000 2,800 $ 594,000 $ 2.75 $ 370,000 $ 3.00 1. Compute the predetermined overhead rate for each department. 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Direct labor-hours Machine-hours Direct materials Department Cutting $ Finishing 18 81 3 $ 790 $ 95 $350 $342 Direct labor cost Using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to Ja 203. 3. Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates? Complete the question by entering your answers in the tabs given below. Required 1 Required 2 Required 3 Compute the predetermined overhead rate for each department. (Round your answers to 2 decimal places.) Predetermined overhead rate Cutting Department per MH Finishing Department per DLH Required 2 >