10) Bierce Corporation has two manufacturing departments-Machining and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total Machining Finishing Total machine-hours (MUs) 4,000 1,000 5,000 Estimated total fixed manufacturing overhead cost $20,000 $2,100 $22,100 Estimated variable manufacturing overhead cost per MH $1.40 $2.80 During the most recent month, the company started and completed two jobs-Job B and Job K. There were no beginning inventories. Data concerning those two jobs follow: Job B Job K Direct materials $12,800 $7,900 Direct labor cost $24,700 $6,400 Machining machine- hours 2,700 1,300 Finishing machine- hours 400 600 Required: a. Assume that the company uses a plotsid predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate. b. Assume that the company uses a glauds, predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job B.