Reference no: EM132844270

Alahly Manufacturing Company uses job costing. The following information for 2019 is available:

Budgeted Manufacturing overhead cost $3100000

Budgeted machine hours 100000 hours

Actual manufacturing overhead cost for the year $3980000

Actual machine hours for the year 150000 hours

During January 2019 job X-112 was completed. The following actual information pertain to the job:

Direct materials cost $198000

Direct labor cost $84000

Actual machine hours 3000 hours

As for last question, Over-allocated should yield a negative answer and Under-allocated should yield a positive answer.

Required:

Problem 1: If the company uses normal job costing, cost of job X-112 would be $:

Problem 2: If the company uses actual job costing system, cost of job X-112 would be $:

Problem 3: The over-allocated or under-allocated manufacturing overhead for the year would be $: