14) Harty Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Harty has provided the following estimated costs for next year: Harty estimates that 16,000 direct labor-hours and 12,000 machine-hours will be worked during the year. The predetermined overhead rate per hour will be closest to: 15) Elam Corporation uses a job-order costing system with a single plant-wide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $800,000, variable manufacturing overhead of $4.00 per machine-hour, and 80,000 machine-hours. The company recently completed Job M55 which required 2500 labor hours and 2400 machine hours. total direct labor was $100,000. total direct material was $150,000. Total manufacturing cost of Job M55 was closest to: A) $250,000 $290,000 Q) $300,000 800,000+4,0080,000=80,000400,000