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The Eastern Company has two departments, Milling and Assembly. The company uses a job order...

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Accounting

The Eastern Company has two departments, Milling and Assembly. The company uses a job order cost system and computes a predetermined overhead rate in each department. The Milling department base its rate on machine hours, and assembly department base its rate on direct labour cost. At January 1,2023, the company made the following estimates:
DEPARTMENT
Overhead cost
Direct labour cost
Machine hours
Direct labour hours
\table[[MILLING,ASSEMBLY],[$204000,$320000],[$28800,$256000
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