Company provides the following information for 2020: Budgeted manufacturing overhead costs $840000 Budgeted direct manufacturing labor costs $33600 Budgeted direct manufacturing labor rate $15/hour Actual manufacturing overhead costs $869400 Actual direct materials costs of (Job # 123) $4700 Actual direct manufacturing labor-hours of (Job # 123) 145 hours Actual direct manufacturing labor rate $14/hour Actual direct manufacturing labor-hours during 2020 2300 hours Using the information above, answer the following three questions: Q1: What is the budgeted manufacturing overhead rate of (X) Company? (Cost allocation base is direct labor cost) Q2: What is the total manufacturing costs of (Job # 123) assuming that (X) Company uses normal costing system? (Cost allocation base is direct labor cost) Q3: What is the total manufacturing costs of (Job # 123) assuming that (X) Company uses actual costing system? (Cost allocation base is direct labor cost)

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Q1 Budgeted Manufacturing Overhead Rate To find the budgeted manufacturing overhead rate divide the ... View the full answer