Reference no: EM132771758

Destiny Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Destiny allocates manufacturing overhead costs using direct manufacturing labor costs.

Destiny provides the following information:

                                                       Budget for                Actual Results for
                                                     Year 2006                         Year 2006
Direct materials costs               1,600,000                  1,450,000
Direct manufacturing labor costs  1,000,000                  900,000
Manufacturing overhead costs      1,750,000                1,802,000

During March, the job cost record for job 123 contained the following information:

Direct materials used 50,000
Direct manufacturing labor costs 30,000

Problem 1: The budgeted manufacturing overhead rate for 2006 is

Problem 2: Using the actual costing system, what is the cost of Job 123?