= Homework: Chapter 4 Homework Question 8, P4-47A (simil... Part 7 of 13 HW Score: 59.72%, 11.94 of 20 points Points: 1.5 of 6 Save Southwick Products manufactures its products in two separate departments: Machining and Assembly. Total manufacturing overhead costs for the year are budgeted at $1,050,000. Of this amount, the Machining Department incurs 5630,000 (primarily for machine operation and depreciation) while the Assembly Department Incurs $420,000. The company estimates that it will incur 8,400 machine hours (all in the Machining Department) and 15,000 direct labor hours (3,000 in the Machining Department and 12,000 in the Assembly Department) suring the vear. (Click the icon to view the additional information.) ) Data Table Read the requirements Total direct Total manufacturing overhead 1,050,000 S 15.0 Requirement 2. Compute refined departmental overhead rates. Southwick Products currently uses a plantwide overhead rate based on direct labor hours to allocate overhead. However, the company is considering refining its overhead allocation systerri by using departmental overticad rates. The Machining Department would allocate its overhead using machine hours (MH), but the Assembly Department would allocate its overhead using direct labor (DL) hours. The following chart shows the machine hours (MH) and direct labor (DL) hours incurred by Jobs 500 and 501 in each production department: Machining Assembly Department Department Job 500 10 MH 12 DL hours Determining the formula, then compute the rates. (Round your an Total departmental overhead cost + To Machining $ 630,000 Assembly $ 420.000 Requirement 3. Which job (Job 500 or Job 501) uses more of th 4 DL hours Job 501 ... 20 MH 12 DL hours 4 DL hours Both Jobs 500 and 501 used $1,500 of direct materials. Wages and benefits total $30 per direct labor hour. Southwick Products prices its products at 125% of total manufacturing costs. Job 501 uses more of the company's resources Job 501 uses more machine hours than the other job. The acc Requirement 4. Compute the total amount of overhead allocated Job 500 Job 501 Print Done Total direct labor hours x * Plantwide allocation rate Overhead allocation Help Me Solve This Video Get More Help Clear All Check Answer E Homework: Chapter 4 Homework Question 7, E4-24A (simil... Part 1 of 9 HW Score: 59.72%, 11.94 of 20 points Points: 0.44 of 4 Save Haas & Company is an architectural firm specializing in home remodeling for private clients and new office buildings for corporate clients. Haas charges customers at a billing rate equal to 136% of the client's total job cost. A client's total job bost is a combination of (1) professional time spent on the client (560 per hour cost of employing each professional) and (2) operating overhead allocated to the client's job. Haas allocates operating overhead to jobs based on professional hours spent on the job. Haas estimates its five professionals will incur a total of 10,000 professional hours working on client jobs during the year. Click the icon to view the operating cost information.) Abagail Lee hired Haas to design her kitchen remodeling. A total of 20 professional hours were incurred on this job. In addition, Lee's remodeling job required one of the professionals to travel back and forth to her house for a total of 125 miles. The blueprints had to be copied four times because Lee changed the plans several times. In addition, 19 hours of secretarial time were used lining up the subcontractors for the job. Read the requirements Requirement 1. Calculate the current indirect cost allocation rate per professional hour. (Round your answert the nearest cent.) The current indirect cost allocation rate per professional hour is Help Me Solve This Video Get More Help Clear All Check