= Homework: Ch 4 Homework Question 1, E4-23 (simil... Part 1 of 12 HW Score: 0%, 0 of 28 points Points: 0 of 5 0 Save Amesbury Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2019, Amesbury budgets 2020 assembly-support costs to be $8,200,000 and 2020 direct labor-hours to be 205,000. At the end of 2020. Amesbury is comparing the costs of several jobs that were started and completed in 2020. (Click the icon to view the data.) .) Read the requirements Requirement 1. Compute the (a) budgeted indirect-cost rate and (b) actual indirect-cost rate. Why do they differ? Identify the formula to calculate the budgeted indirect cost rate and then calculate the rate Budgeted indirect cost rate - X Data table Requirements 1. Compute the (a) budgeted indirect-cost rate and (b) actual indirect-cost rate. Why do they differ 2. What are the job costs of the Laguna Model and the Mission Model using (a) normal costing and (b) actual costing? 3. Why might Amesbury Construction prefer normal costing over actual costing? Construction period Direct materials costs Direct labor costs Laguna Model Feb June 2020 $ 106,570 S $ 36,475 S 990 Mission Model May Oct 2020 127.550 41,860 1,060 Direct labor-hours Direct materials and direct labor are paid for on a contract basis. The costs of each are known when direct materials are used or when direct labor-hours are worked. The 2020 actual assembly-support costs were $8,042,000, and the actual direct labor-hours were 159,000. Print Done Print Done Help me solve this Etext pages Get more help Clear all Check