Question: answer 1-5. i will like & thumbs up Destin Products uses a job costing system with two direct cost categones (direct materials and direct manufacturing


Destin Products uses a job costing system with two direct cost categones (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool Destinatiociales manufacturing overhoad costs using direct manufacturing labor costs Destin provides the following information (Click the icon to view the information) Read the requirements Requirement 1. Compute the actual and budgeted manufacturing overhead rates for 2014 (Enter your answer as a number not as a percentage rounded to two decimal places XXX) Actual manufacturing overhead rate Budgeted manufacturing overhead rate Requirements - X 1. Compute the actual and budgeted manufacturing overhead rates for 2014 2. During March, the job-cost record for Job 626 contained the following information: Direct materials used $40,000 Direct manufacturing labor costs $30,000 Compute the cost of Job 626 using (a) actual costing and (b) normal costing 3. At the end of 2014, compute the under- or overallocated manufacturing overhead under normal costing. Why is there no under- or overallocated overhead under actual costing? 4. Why might managers at Destin Products prefer to use normal costing? i Data Table x Direct material costs Budget for 2014 Actual Results for 2014 2,000,000 $ 1,900,000 1,500,000 1,450,000 2,700,000 2,755,000 Direct manufacturing labor costs Manufacturing overhead costs
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