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Dustin Products uses a job-costing system with two direct cost categories (direct materials and direct...

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Accounting

Dustin Products uses a job-costing system with two direct cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Dustin allocates manufacturing overhead costs using direct
manufacturing labor costs. Dustin provides the following information:
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Requirement 1. Compute the actual and budgetod manufacturing overhead tates for the year. (Enter answers as decimals and not percentages. Round your answers to two decimal places) Actual manufacturing overhead rate Budgeted manufacturing overhead rate Requirement 2. Compute the cost of Job 626 using (w) an actual conting wystem and (b) a normal costing system. (Round your answer to the nearest whole ollut 2.15 1.05 Actual Costing Normal Costing Direct matorials Direct manufacturing labour costs Manufacturing overhead costs Total manufacturing costs of Job 626 X Information Budget for the Actuals for the Year Year Direct manufacturing labour costs $ 1,500,000 $ 1,460,000 Direct manufacturing overhead costs 2,925,000 3,139,000 Direct material costs 2.100,000 1,975,000 Print Done

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