How do I solve for part 2? ***The following data pertain to Job 615.$ 2,500$ 3,500Direct materialsDirect laborOverheadSetupsParts inspectedMachine hoursRequired:1. Classify each of the three overhead activities as unit level, batch level, product level, or facility level.2. Assume Business Solutions allocates overhead cost using a plantwide rate based on 5,000 machine hours. Compute total productcost of Job 615.3. Assume Business Solutions uses activity-based costing. (a) Compute overhead activity rates. (b) Allocate overhead cost to Job 615.(c) Compute total product cost of Job 615.Required 1 Required 2 Required 3Assume Business Solutions allocates overhead cost using a plantwide rate based on 5,000 machine hours. Compute totalproduct cost of Job 615. (Round "Overhead rate" to 2 decimal places.)DepartmentAllocate overhead to Job 615 using plantwide ratePlantwideOverhead RateMachine HoursUsedJob 615SANTTotal product cost of Job 615Job 615W$0³SF2232 setups400 parts inspected600 machine hoursDirect Materials20F3EDDirect Labor$4RFOverhead Allocated< Required 1LL+Overhead%OF LO5Product Cost$GF5T0Required 3 >Prev<61 of 4MacBook AirF67Y&7G HNext >F7U* 008DIIF8-9F9JKO0 esAfter reading an article about activity-based costing in a trade journal for the furniture industry, Santana Rey decides to analyzeoverhead cost at Business Solutions. In a recent month, Santana found that setup costs, inspection costs, and utility costs made upmost of the company's overhead. Additional information about overhead follows.ActivitySet upInspectionUtilitiesTotalThe following data pertain to Job 615.Direct materialsDirect laborOverheadSetupsParts inspectedMachine hours2Required 1Budgeted Cost$ 20,000Required:1. Classify each of the three overhead activities as unit level, batch level, product level, or facility level.2. Assume Business Solutions allocates overhead cost using a plantwide rate based on 5,000 machine hours. Compute total productcost of Job 615.Department3. Assume Business Solutions uses activity-based costing. (a) Compute overhead activity rates. (b) Allocate overhead cost to Job 615.(c) Compute total product cost of Job 615.Job 6157,50010,000$ 37,500F2Required 2Job 615Total product cost of Job 615WAssume Business Solutions allocates overhead cost using a plantwide rate based on 5,000 machine hours. Compute totalproduct cost of Job 615. (Round "Overhead rate" to 2 decimal places.)Allocate overhead to Job 615 using plantwide rateMachine HoursUsed$#3$ 2,500$ 3,500PlantwideOverhead RateDirect Materials20F3E2 setups400 parts inspected600 machine hoursRequired 3S DBudgeted Activity Usage25 setups5,000 parts inspected5,000 machine hours (MH)Direct Labor4F4RFOverhead AllocatedOverhead%5Product Cost$ŲF5TG0Prev<61 of 4MacBook AirF6Y&7HNext >F7U* 008JDIIF8-(9F9K-OO0

Name: How do I solve for part 2? ***The following data pertain to Job 615.$
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: How do I solve for part 2? ***The following data pertain to Job 615.$ 2,500$ 3,500Direct materialsDirect laborOverheadSetupsParts inspectedMachine hoursRequired:1. Classify each of the three overhead activities as unit level, batch level, product lev

Direct material cost is the cost of raw material produced or purchased for producing the final…

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The following data pertain to Job 615. Direct materials. Direct labor Overhead Setups Parts inspected Machine hours $ 2,500 $ 3,500 $ 2 setups 400 parts inspected 600 machine hours Required: 1. Classify each of the three overhead activities as unit level, batch level, product level, or facility level. 2. Assume Business Solutions allocates overhead cost using a plantwide rate based on 5,000 machine hours. Compute total product cost of Job 615. 3. Assume Business Solutions uses activity-based costing. (a) Compute overhead activity rates. (b) Allocate overhead cost to Job 615. (c) Compute total product cost of Job 615.