PLEASE DO ALL REQUIREMENTS

PLEASE DO ALL REQUIRMENTS

The Solomon Company uses a job-costing system at ns Dover, Delawsre. plant. The plant has a machining department asd a finishing department, Solorran uses notmal cosing with twe direct coat categories (direct malerials and direct manufacturing labor) and two manufacturing overhead cost pocls (the machining department with machine hours as the allocation base and the finishing department with dinect manufacturing labor costs as the allocation base). The 2020 budget for the plant is as follows: (Click the icoen to view the 2020 budget] Read the recuirements. Requirement 1. Identlfy the components of the overview diagram of Solomon's job-costing system, (Abbreviabions used: Nanif. = Manutacturing ) Requirements 1. Identify the components of the overview diagram of Solomon's job-costing system. 2. What is the budgeted manufacturing overhead rate in the machining department? in the finishing department? 3. During the mnnth of . Ianuan the inh.enet rarnert for . Inh 431 showe the followina Compute the total manuracturing overnead cost allocated to Job 431. 4. Assuming that Job 431 consisted of 100 units of product, what is the cost per unit? 5. Amounts at the end of 2020 are as follows: Compute the under- or overallocated manufacturing overhead for each department and for the Dover plant as a whole. 6. Why might Solomon use two different manufacturing overhead cost pools in its job-costing system? Data table