2) B Corporation has two manufacturing departments-Molding and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Molding Customizing Total Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH 5,000 5,000 10,000 S21,000 $14,000 $35,000 $1.50 $2.40 During the period, the company started and completed two jobs-Job F and Job K. There were no beginning inventories. Data concerning those two jobs follow: Job FJob K Direct materials Direct labor cost Molding machine-hours Customizing machine-hours $12,700 $6,400 $19,100 $7,900 3,400 1,600 2,000 3,000 Required: Assume that the company uses a plant wide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate. a. b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job P c. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job K. d. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the total manufacturing cost assigned to Job F e. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the total manufacturing cost assigned to Job K. f. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 30% on manufacturing cost to establish selling prices. Calculate the selling price for Job F Assume that the company uses a plantwide predetermined manufacturing overhead g. rate based on machine-hours and uses a markup of 30% on manufacturing cost to establish selling prices. Calculate the selling price for Job K. h. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. If both jobs were sold during the month, what was the company's cost of goods sold for the month