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3 3.* During the period, the company started and completed two jobs Job E and Job M. Data concerning those two jow Direct materia
3 3.* During the period, the company started and completed two jobs Job E and Job M. Data concerning those two jow Direct materia Direct labor et Melding machis Assembly mecha Required Jo 13,700 21,200 8,100 3,500 2,500 1,500 3,500 a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate (Round your answer to 2 decimal places.) 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 E. (Do not round intermediate calculations.) c. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the total manufacturing cost assigned to Job E. (Do not round intermediate calculations.) d. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job E. (Do not round intermediate calculations.) e. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. What is the departmental predetermined overhead rate in the Molding department? (Round your answer to 2 decimal places.) f. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. What is the departmental predetermined overhead rate in the Assembly department? (Round your answer to 2 decimal places.) g. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. How much manufacturing overhead will be applied to Job E? (Do not round intermediate calculations.) h. Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job E. (Do not round intermediate calculations.) g. Assume that the company uses departmental predetermined overhead rates with machine-hou production departments. How much manufacturing overhead will be applied to Job E? (Do not ro h. Assume that the company uses departmental predetermined overhead rates with machine-ha production departments. Further assume that the company uses a markup of 80% on manufactu Calculate the selling price for Job E. (Do not round intermediate calculations.) a. Predetermined overhead rate b. Manufacturing overhead applied c. Manufacturing cost d. Selling price e. Molding predetermined overhead rate f. Assembly predetermined overhead rate $ 12.08 per MH $ 50,820 g. Manufacturing overhead applied job E h. Selling price for job E per MH per MH 3 Harnett Corporation has two manufacturing departments-Molding and Assembly. The company used the following data at the beginning of the period to calculate predetermined overhead rates Extimated total machine-hours (Mite) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per Assumbly 4,000 30,800 $3.00 6,000 10,000 5 43,000 $6.00 $ 72,800 During the period, the company started and completed two jobs-Job E and Job M. Data concerning those two jobs follow Direct materials Direct labor cost Molding machine-hours Assembly machine-hours Job E $13,700 Job H $ 21,200 2,500 2,500 $8,000 $8,100 1,500 3,500 Required: a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate. (Round your answer to 2 decimal places.) b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the mount of manufacturing overhead applied to Job E. (Do not round intermediate calculations.) Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the cal manufacturing cost assigned to Job E. (Do not round intermediate calculations.) ssume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a up of 80% on manufacturing cost to establish selling prices. Calculate the selling price for Job E. (Do not round intermediate lations.) ume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both ments. What is the departmental predetermined overhead rate in the Molding department? (Round your answer to 2 decim e that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in bot n departments. What is the departmental predetermined overhead rate in the Assembly department? (Round your an places.)
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