Toyota company uses a job order costing system and uses a direct manufacturing labor costs as an allocation base...

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Toyota company uses a job order costing system and uses a direct manufacturing labor costs as an allocation base in the allocating of manufacturing overhead costs. For the operational year 2014, it has the following details: Manufacturing overhead Direct material cost Direct labor cost Budgeted Birr 100,000 200,000 150,000 Actual Birr 120,000 250,000 200,000 During January of the same period, job was completed containing the following information: - Direct materials - Direct labor birr 15,000 10,000 Required: Compute the budgeted and actual overhead rate

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