Question: 1. For the current year 951 Ind ustries estimated overhead would be $2,145,999 and there would be 793,999 machine hours. Using machines hours as the

1. For the current year 951 Ind ustries estimated
1. For the current year 951 Ind ustries estimated overhead would be $2,145,999 and there would be 793,999 machine hours. Using machines hours as the allocation base, how much overhead would be assigned to each of the jobs listed below? {Do not round intermediate calculations.) Hachine Job Hours 246 6,?99 24? 4,?59 2. Ryan Corporation manufactures auto steering systems. Prime cost and machine time estimates for one unit of the product for the year follow: Direct materials $ 349 Direct labor [$26fhour} $ 959 Machine hours 29 This product requires 15 hours of direct labor in DepartmentA and 19 hours in Department EL Also, it requires 5 machine hours in Department A and 15 machine hours in Department B. Using output as the activity, the factory overhead costs estimated in these two departments follow: A B Variable cost $ 399,999 $ 229,999 Fixed cost 198,999 1T?,999 Management expects the firm to produce 1,999 units during the year. Required: 1. Assn me the total actual overhead base used was equal to the estimated base for the 1,999 units produced. Assume that factory overhead was applied on the basis of direct labor hours. Compute the predetermined plantwide factory overhead rate. 2. If factory overhead were applied on the basis of machine hours, what would be the plantwide overhead rate? 3. If the company produced 1,999 units during the year, what was the total amount of applied factory overhead in each department in requirements 1 and 2? 5. Compute the departmental overhead rate and amount of applied overhead for Departmenth using direct labor hours as the allocation base and for Department 9 using machine hours as the allocation base

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