p04-20 (1) - PROBLEM 20_ 4- The Lynn Company uses a...

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PROBLEM 4- 20_______________________________________________________________ The Lynn Company uses a job-costing system at its Minneapolis plant. The plant has a Machining Department and an Assembly Department. Its job-costing system has two direct- cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the Machining Department overhead, allocated using actual machine hours, and the Assembly Department overhead, allocated using actual direct manufacturing labor cost). The 2004 budget for the plant is: Machining Assembly Department Department Manufacturing overhead $1,800,000 $3,600,000 Direct manufacturing labor cost 1,400,000 2,000,000 Direct manufacturing labor-hours 100,000 200,000 Machine-hours 50,000 200,000 Required: 1. Present an overview diagram of Lynn = s job-costing system. Compute the budgeted manufacturing overhead rate for each department. 2.
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p04-20 (1) - PROBLEM 20_ 4- The Lynn Company uses a...

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