quiz 6

mation lag question Part B - Question 2 Rose Chemicals has a technology department and a finishing department. It uses a job costing system at Rockhampton plant which produces a range of chemical products. Rose uses normal costing with two direct-cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the technology department with machine-hours as the allocation base and the finishing department with direct manufacturing labor costs as the allocation base. The table below shows the 2022 budget for the plant. Use this information to answer the questions below (10 marks available). Technology Finishing Department Department 1884 Question 9 Not yet answered Marked out of 200 The table below shows the 2022 budget for the plant. Use this information to answer the questions below (10 marks available). Technology Finishing Department Department Manufacturing $9,065,000 $8,181,000 overhead costs Direct manufacturing $970,000 $4,050,000 labor costs Direct manufacturing 36,000 155,000 labor-hours Machine-hours 185,000 37,000 Part B - Question 2A What is the budgeting manufacturing overhead rate in the each department? (2 marks tof uestion estion 10 ot yet answered Marked out of 2.50 Part B-Question 2A What is the budgeting manufacturing overhead rate in the each department? (2 marks available). 7 A BI EE 8 X Q I Part B - Question 2B During the month of January, the job-cost record for Job 431 shows the following: Technology Finishing 2 of stion Part B Question 2B - During the month of January, the job-cost record for Job 431 shows the following: Technology Finishing Department Department Direct materials used $13,000 $5,000 Direct manufacturing $900 $1,250 labor costs Direct manufacturing 20 70 labor-hours Machine-hours 140 20 4 Compute the total manufacturing overhead cost allocated for Job 431 (2.5 marks available). 7 A B I 8 1 ut of uestion Part B - Question 2C Amounts at the end of 2021 were as follows: Technology Finishing Department Department Manufacturing overhead incurred $10,000,0000 $7,982,000 Direct manufacturing $1,030,000 $4,100,000 labor costs Machine-hours 200,000 34,000 Compute the under-or-overallocated manufacturing overhead for each department and for the Rockhampton plant as a whole (3 marks available). 1 A B I EE % 2 ut of uestion vious page Part B - Question 2D Why might Rose Chemicals use two different manufacturing overhead cost pools in its job- costing system? (1.5 marks available) 1 A B I X Q Next page Exemplar Student lovigilated Zoom