Needing help figuring out this cost accounting please

1. Dustin Products uses a job-costing system with two direct-cost categoriee (direct materials and direct manufacturing lobor) and one manufacturing overhead cost pool. Dustin allocates manufacturing overead costs using direct manufacturing labor costs. Dustin provides the following information, Click the icon to view the information.) Read the requirements Requirement 1. Compute the actual and budgeted manufacturing overread rates for 2017. (Enter your answer as 3 number (not as a percentage rounded to two decimal places, X.XX) Actual manufacturing overhead rate 2.10 Budigeted manutacturing overhead tate = 1.95 Requirement 2. During March, the job-cost record for Job 626 contained the following information Direct materials used $45.000 Direct manufacturing labor costs $35.000 Compute the cost of Job 626 using (a) actual costing and (b) normal costing Actua! Normal Costing Costing Direct materials 45000 Direct manufacturing labor costs 25000 Manufacturing overhead costs Total manufacturing costs of Job 820 Requirement 3. At the end of 2017, compute the under-ar over allocated manufacturing overhead under normal oosting Why is there no under or over allocated overhead under actual costing? Under normal oosting. Manufacturing ovethead is (1) Joys Why is there no under or overallocated overred under actual oosting? There's no under-Or Overallouted overhead under actual coating because overivad is allocated under actual costing by multiplying (2) --- manufacturing lahor costs and the (3) manufacturing overhead rate Requirement 4. Why might managers at Dustir Products prefer to use normal casting? (Choose all that apply) A. Normal costing provides managers with information at the end bl fiscal year when they know actual manufacturing overhead cons. This approach is preferable to managers to improve the company's scending efficiency and increase overall prolts B. Manufacturing costs al job are available much earlier in normal costing system Consequently Dustin's manufacturing and wales managers can evaluate the profitability of different jobs the efficiency we wrich the jobs are dore, and the pricing of different jobs as soon as they are completed write the experience is still fresh in everyone's mind C. Normal costing allows managers to allocato cvilicat costs at the end of the accounting year. This allows Dusiin Products to use the formal costsicures to provide an accurate costing methodsotrat adjustments will not need to be made en the end of the accounting year D. Normal conting provides managers win information are while there is still the to take corrective actions, such as improving the company's labor efficiency or reducing the company's overhead costs. E. Normal costing enables Dustin Products to use the budgeted manufacturing overhead rate determined at the beginning of the year to estimate the cost of a job as soon as the job is completed. Managers want to know job costs for ongoing uses, including pricing jobs, monitoring and managing costs, evaluating the success of the job, learning about what did and did not work, bidding on new jobs, and preparing interim financial statements. 1: Data Table Direct material costs $ Budget for 2017 Actual Results for 2017 2,000,000 $ 1,925,000 1,650,000 1,600,000 3,217,500 3,360,000 Direct manufacturing labor costs Manufacturing overhead costs 2: Requirements 1. Compute the actual and budgeted manufacturing overhead rates for 2017 2. During March, the job-cost record for Job 626 contained the following information: Direct materials used $45,000 Direct manufacturing labor costs $35,000 Compute the cost of Job 626 using (a) actual costing and (b) normal costing. 3. At the end of 2017, 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 Dustin Products prefer to use normal costing? (1) O overallocated underallocated (2) O actual O budgeted (3) O actual Obudgeted