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Section B: Problem Solving (50 points) 1. Miki and Meeni Company has two departments, A...

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Accounting

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Section B: Problem Solving (50 points) 1. Miki and Meeni Company has two departments, A and B. Manufacturing Overhead is applied based on direct labor cost in Department A and machine-hours in Department B. The following additional information is available: Budgeted Amounts Department A Department B Direct labor cost $355,000 $275,000 Manufacturing overhead $585,750 $310,000 Machine-hours 85,000 mh 40,000 mh Actual Data for Job #15 Department A Department B Direct materials $15,000 $14,000 Direct labor cost $17,500 $19,500 Machine-hours 7,500 mh 5,100 mh Required: a. Compute the budgeted manufacturing overhead rate for Department A. (2 points) b. Compute the budgeted manufacturing overhead rate for Department B. (2 points) c. What is the total manufacturing cost of Job 15? (3 points) d. If Job 15 consists of 75 units of product, what is the unit cost of each product in this job? (3 points)

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